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Table Of Contents

1.Quantity instruments versus price instruments
1.1Abatement cost uncertainty matters
Figure 1. Prices vs. quantities
1.2When benefit uncertainty also matters
1.3The superiority of hybrid instruments
Figure 2. Hybrid instruments approximate the marginal benefit curve
1.4The case of “stock” externalities
1.5Instrument choice and policy ambition
Figure 3. Significantly lower expected costs
Figure 4. Slightly lower expected benefits
2. The case of climate change: Near term analysis
2.1Near term abatement cost curve: uncertain but steep
2.2Benefit curve: uncertain but flat
2.3Modelling exercises
3. Longer term analysis
3.1The longer term perspective
3.2Climate surprises
3.3Achieving the UNFCCC ultimate objective
4. Complex instruments in the international context
5. The four dimensions of flexibility
6. Conclusion and future work
Appendix : Prices versus Quantities – a graphic representation
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Certainty Versus Ambition- Economic Efficiency in Mitigating Climate Change

Certainty Versus Ambition- Economic Efficiency in Mitigating Climate Change

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Published by javierfajardo

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Published by: javierfajardo on May 18, 2011
Copyright:Attribution Non-commercial


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