Global fossil-fuel subsidy reform and Paris Agreement

Chepeliev, Maksym; Mensbrugghe, Dominique van der

doi:10.1016/j.eneco.2019.104598

Cited by 41 publications

(13 citation statements)

References 12 publications

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“…There are different interpretations of NDCs than those used in this paper (see Chepeliev and van der Mensbrugghe [45]). Most likely, applying different NDC interpretations will generate different results.…”

Section: The Emission Trading Flexibility Of Europementioning

confidence: 84%

The EU’s Gain (Loss) from More Emission Trading Flexibility—A CGE Analysis with Parallel Emission Trading Systems

Khabbazan

2022

Journal of Open Innovation: Technology, Market, and Complexity

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The EU has established the world’s first cross-border emission-trading systems (ETS) for greenhouse gas (GHG) emissions, currently covering aviation, emission-intensive sectors, and electricity (EITE). The EU Commission has offered to apply emissions trading in new sectors where emissions from maritime transport will be incorporated into the current EU ETS, while a separated emissions trading system will cover emissions from road transport and the building sector. This paper employs a multi-regional multi-sectoral computable general equilibrium (CGE) model with two simultaneous international emission permit markets. After examining the abatement costs for the EU regions, various policy scenarios are implemented to study the welfare effects of forming an ETS covering the sectors other than EITE (NEIT) and its linking with the EITE sectors under two different baselines and four emission reduction targets. The results provide several important insights: (i) Marginal abatement costs in Germany and the Eastern European Union region (EEU) are significantly lower than in the rest of the EU regions. (ii) The carbon price in the emission permit market covering NEIT is significantly higher than the carbon price in the emission permit market covering EITE. (iii) Germany and EEU appear as notable suppliers of emission permits in both markets. (iv) There is a significant aggregate welfare gain under the scenario in which the ETS covering NEIT co-exists parallel with the ETS covering EITE. (v) The aggregate welfare in the EU under the full integration of EITE and NEIT may fall below its value under the scenario with two parallel emission permit markets.

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Section: The Emission Trading Flexibility Of Europementioning

confidence: 84%

The EU’s Gain (Loss) from More Emission Trading Flexibility—A CGE Analysis with Parallel Emission Trading Systems

Khabbazan

2022

Journal of Open Innovation: Technology, Market, and Complexity

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“…(Larkin et al, 2017), in their current structure lowering pre-defined energy demand levels could maintain a higher degree of fossil fuels while still relying on uncertain and expensive negative emissions technologies to stay within temperature goals. These assumptions do not consider the high adaptation costs if CDR fails to perform at suggested levels, or the need to redirect subsidies from fossil fuels to low carbon developments (Monasterolo andRaberto, 2019, Chepeliev andvan der Mensbrugghe, 2020).…”

Section: Discussionmentioning

confidence: 99%

Demand vs supply-side approaches to mitigation: What final energy demand assumptions are made to meet 1.5 and 2 °C targets?

Scott

Smith

Lowe

et al. 2022

Global Environmental Change

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“…While the Declaration recognizes the importance of collaboration, it does not outline how that could be enhanced, such as a commitment to establish a 'Tourism Netzero Advisory Committee' to develop credible NZ pathways at the global or regional scale. The Declaration also does not support OECD and academic calls for the removal of fossil fuel subsidies and the taxation of greenhouse gas emissions (Chepeliev & van der Mensbrugghe, 2020;Elgouacem, 2020). There is also no provision for the assessment of the implications of diverse policy proposals.…”

Section: Discussionmentioning

confidence: 99%

Destination net-zero: what does the international energy agency roadmap mean for tourism?

Scott

Gößling

2021

Journal of Sustainable Tourism

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The tourism sector has recommitted itself to be 'climate neutral' by 2050 through its 2021 Glasgow Declaration: A Commitment to a Decade of Tourism Climate Action. The declared ambition is consistent with the Paris Climate Agreement and net-zero emission targets; however, lacks specific actions by which such a transition might be achieved. The highly influential International Energy Agency (IEA) has produced the most detailed global roadmap to a 2050 net-zero future. This paper examines its implications for the tourism sector. Getting to net-zero is imperative to ensure the societal disruption of a þ 3 C or warmer world are avoided, but the IEA net-zero scenario would nonetheless be as transformative for tourism as the internet was. International air travel and tourism growth projections from the tourism sector are not compatible with the IEA net-zero scenario. The geography of transition risk will influence tourism patterns unevenly. The incoherence of tourism and climate policy represents an increasing vulnerability for tourism development. While any business and destination in tourism can act immediately to reduce emissions, the findings compel a critical new research agenda to determine how the assumptions of the IEA, or any net-zero scenario, could be achieved and how this will affect tourism development.

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Global fossil-fuel subsidy reform and Paris Agreement

Cited by 41 publications

References 12 publications

The EU’s Gain (Loss) from More Emission Trading Flexibility—A CGE Analysis with Parallel Emission Trading Systems

The EU’s Gain (Loss) from More Emission Trading Flexibility—A CGE Analysis with Parallel Emission Trading Systems

Demand vs supply-side approaches to mitigation: What final energy demand assumptions are made to meet 1.5 and 2 °C targets?

Destination net-zero: what does the international energy agency roadmap mean for tourism?

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