U.S. climate mitigation pathways post-2012: Transition scenarios in ADAGE

The transition from the greenhouse gas (GHG) emission levels currently allowed under the Kyoto Protocol climate agreement to more ambitious, and internationally comprehensive, GHG reduction goals will have important implications for the global economic system. Given the major role that the United St...

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Published inEnergy economics Vol. 31; no. Supp.; pp. S212 - S222
Main Authors Ross, Martin T., Fawcett, Allen A., Clapp, Christa S.
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.01.2009
Subjects
Carbon emissions
Climate
Climate change
Economic conditions
Economics
EMF
Emissions control
Environmental policy
Export-import trade
Focusing
Greenhouse effect
International trade
Pathways
Policies
Pollution control
Reduction
Simulation
Technological change
Technology
Treaties
U.S.A
United States
World economy
USA
Japan, Honshu, Kyoto Prefect., Kyoto
Climate change
EMF
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Summary:The transition from the greenhouse gas (GHG) emission levels currently allowed under the Kyoto Protocol climate agreement to more ambitious, and internationally comprehensive, GHG reduction goals will have important implications for the global economic system. Given the major role that the United States plays in the global economy, and also as a major GHG emitter, this paper examines a range of climate policy pathways for the country in the context of international actions. The ADAGE model is used to examine policy impacts for climate scenarios, focusing on key factors such as emissions, technology deployment, macroeconomic indicators and international trade. In general, the simulations indicate that reductions in GHG emissions can be accomplished with limited economic adjustments, although impacts depend on the future availability of new low-carbon technologies.
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ISSN:0140-9883
1873-6181
DOI:10.1016/j.eneco.2009.06.002