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Achieving cost efficiency with the 30% greenhouse gas emission reduction target of the EU

Technical Report:

Abstract

This working paper analyzes the greenhouse gas reduction targets of the EU up to 2020, focusing on the cost efficiency of the targets. Using scenarios calculated with the integrated assessment model TIAM-Nordic, three separate cases of possible targets for the EU ETS and non-ETS sectors are assessed. The results indicate that should the EU shift to a more ambitious emission reduction target of 30% from 1990 levels by 2020, a large majority of the cost efficient emission reduction potential that is required for reaching the more ambitious target lies in the ETS sector. The calculated scenarios also underline the need for increased flexibility for carrying out the emission reductions in the non-ETS. Without flexibility between Member States in the reduction efforts, cost efficiency would be reduced remarkably. Moreover, as the actual reduction potentials of ETS and non-ETS sectors in 2020 can not be predicted accurately, cost efficiency can not be reached by a careful setting of separate targets for the ETS and Member States. Instead, flexibility mechanisms between the ETS and Member States' non-ETS sectors should be introduced. (orig.)
Authors:
Publication Date:
Sep 15, 2010
Product Type:
Technical Report
Report Number:
VTT-WORK-149
Resource Relation:
Other Information: 9 refs.
Subject:
54 ENVIRONMENTAL SCIENCES; GREENHOUSE GASES; AIR POLLUTION ABATEMENT; CLIMATIC CHANGE; COST; EFFICIENCY; FORECASTING; EMISSIONS TRADING; EUROPEAN UNION; REGULATIONS
OSTI ID:
1010381
Research Organizations:
VTT Technical Research Centre of Finland, Espoo (Finland)
Country of Origin:
Finland
Language:
English
Other Identifying Numbers:
Other: ISBN 978-951-38-7490-2; TRN: FI1103040
Availability:
Available at http://www.vtt.fi/inf/pdf/workingpapers/2010/W149.pdf
Submitting Site:
FI
Size:
21 p. pages
Announcement Date:
Apr 04, 2011

Technical Report:

Citation Formats

Ekholm, T. Achieving cost efficiency with the 30% greenhouse gas emission reduction target of the EU. Finland: N. p., 2010. Web.
Ekholm, T. Achieving cost efficiency with the 30% greenhouse gas emission reduction target of the EU. Finland.
Ekholm, T. 2010. "Achieving cost efficiency with the 30% greenhouse gas emission reduction target of the EU." Finland.
@misc{etde_1010381,
title = {Achieving cost efficiency with the 30% greenhouse gas emission reduction target of the EU}
author = {Ekholm, T}
abstractNote = {This working paper analyzes the greenhouse gas reduction targets of the EU up to 2020, focusing on the cost efficiency of the targets. Using scenarios calculated with the integrated assessment model TIAM-Nordic, three separate cases of possible targets for the EU ETS and non-ETS sectors are assessed. The results indicate that should the EU shift to a more ambitious emission reduction target of 30% from 1990 levels by 2020, a large majority of the cost efficient emission reduction potential that is required for reaching the more ambitious target lies in the ETS sector. The calculated scenarios also underline the need for increased flexibility for carrying out the emission reductions in the non-ETS. Without flexibility between Member States in the reduction efforts, cost efficiency would be reduced remarkably. Moreover, as the actual reduction potentials of ETS and non-ETS sectors in 2020 can not be predicted accurately, cost efficiency can not be reached by a careful setting of separate targets for the ETS and Member States. Instead, flexibility mechanisms between the ETS and Member States' non-ETS sectors should be introduced. (orig.)}
place = {Finland}
year = {2010}
month = {Sep}
}