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Published by: Daniel Temoteo Martins Coelho on Jun 25, 2010
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11/01/2010

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Please cite this paper as:
Burniaux, J.
et al.
(2009), "The Economics of ClimateChange Mitigation: How to Build the Necessary GlobalAction in a Cost-Effective Manner",
OECD Economics Department Working Papers 
, No. 701, OECD publishing, © OECD.doi:10.1787/224074334782
OECD Economics DepartmentWorking Papers No. 701
The Economics of ClimateChange Mitigation: How toBuild the Necessary GlobalAction in a Cost-EffectiveManner
Jean-Marc Burniaux
*
, Jean Château,Rob Dellink, Romain Duval,Stéphanie Jamet
JEL Classification: H23, H41, O13, O3, Q32, Q34,Q54
*
OECD, France
 
 
Unclassified ECO/WKP(2009)42
Organisation de Coopération et de Développement Économiques
 
Organisation for Economic Co-operation and Development
 
02-Jun-2009
___________________________________________________________________________________________ 
English - Or. English
ECONOMICS DEPARTMENT
THE ECONOMICS OF CLIMATE CHANGE MITIGATION: HOW TO BUILD THE NECESSARYGLOBAL ACTION IN A COST-EFFECTIVE MANNERECONOMICS DEPARTMENT WORKING PAPERS No.701ByJean-Marc Burniaux, Jean Chateau, Rob Dellink, Romain Duval and Stéphanie Jamet
All Economics Department Working Papers are available through OECD's internet web site atwww.oecd.org/eco/working_papers
JT03265789
Document complet disponible sur OLIS dans son format d'origineComplete document available on OLIS in its original format
 C O /   WK (   0  0  9  )   Un c l   a s  s i  f  i   e  d 
n gl  i   s - O .n gl  i   s 
 
 
ECO/WKP(2009)422
ABSTRACT/RESUMÉThe economics of climate change mitigation:how to build the necessary global action in a cost-effective manner
This paper examines the cost of a range of national, regional and global mitigation policies and thecorresponding incentives for countries to participate in ambitious international mitigation actions. Thepaper illustrates the scope for available instruments to strengthen these incentives and discusses ways toovercome barriers to the development of an international carbon price, based on the quantitativeassessment from two global and sectorially-disaggregated CGE models. Key step towards the emergenceof a single international carbon price will most likely involve the phasing out of subsidies of fossil fuelconsumption and various forms of linking between regional carbon markets, ranging from direct linking of existing emission trading systems to more indirect forms through the use of sectoral crediting mechanisms.The paper discusses regulatory issues raised by the expansion of emission trading and crediting schemes aswell as the complementary contribution of non-market based instruments such as the imposition of technical standards and R&D policies. Finally, the paper emphasises the important role of internationaltransfers, not least to overcome the relatively strong economic incentives in some countries to free ride onother regions mitigation actions. While they can take various explicit or implicit forms, transfers madeprimarily through market mechanisms, for instance via the allocation of binding emission reductioncommitments across countries, would be most cost-effective.
 JEL classification
: H23; H41; O13; O3; Q32; Q43; Q54
Keywords
: climate change; climate policy; carbon leakage; linking; crediting mechanism; sectoralapproach; energy subsidies; deforestation.
L'économie de l'attenuation du changement climatique :comment élaborer l'action nécessaire au niveau mondial avec un rapport coût-efficacité optimal ?
Cette étude examine le coût d’un éventail de mesures prises au plan national, régional et mondial pourréduire les émissions de gaz à effet de serre, ainsi que les incitations pour les pays à participer à des actionsmondiales ambitieuses de mitigation. L’étude illustre la capacité des instruments disponibles à renforcerces incitations et discute des moyens pour surmonter les barrières au développement d’un prix mondial ducarbone, sur la base d’une évaluation quantitative à partir de deux modèles d’équilibre général désagrégésau plan sectoriel. Parmi les étapes essentielles vers l’émergence d’un prix mondial unique du carbone ontrouvera vraisemblablement la suppression des subventions à la consommation des combustibles fossilesainsi que des formes diverses d'intégration des marchés du carbone régionaux, allant des couplages directsdes systèmes d’échange de droits d’émission à des formes plus indirectes par le biais d’un mécanisme decrédits d’émission. Cette étude examine les questions de réglementation soulevées par l’expansion dessystèmes d’échange de droits et de crédits d’émissions ainsi que le rôle complémentaire politique de R&D.Classification JEL : H23; H41; O13; O3; Q32; Q43; Q54Mots-clés : changement climatique ; politique climatique ; fuite carbone ; intégration des marchés ducarbone.
Copyright OECD 2009Application for permission to reproduce or translate all, or part of, this material should be made to:Head of Publications Service, OECD, 2 rue André-Pascal, 75775 Paris CEDEX 16.

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