TY - UNPB

T1 - Europe's twenties: a study using the WIATEC model

AU - Kemfert, Claudia

AU - Kremers, Hans

AU - Truong, Truong Phuoc

PY - 2009

Y1 - 2009

N2 - In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors participating in the EU Emissions Trading Scheme (EU ETS) are on the low side, and therefore, there are still rooms for movement in the future.

AB - In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors participating in the EU Emissions Trading Scheme (EU ETS) are on the low side, and therefore, there are still rooms for movement in the future.

KW - Economics

KW - Climate policy

KW - Energy policy

KW - EU 20-20-20 plan

KW - EU Emission Trading System

KW - Computable General Equilibrium

KW - Klimaschutz

KW - Umweltverträgliche Energiepolitik

KW - Emissionshandel

KW - Wirkungsanalyse

KW - Branchenentwicklung

KW - Soziale Kosten

KW - Allgemeines Gleichgewicht

KW - EU-Staaten

M3 - Working papers

T3 - DIW Discussion Papers

BT - Europe's twenties: a study using the WIATEC model

PB - Deutsches Institut für Wirtschaftsforschung (DIW)

CY - Berlin

ER -