XML FeedsEnvironmental cost–benefit analysis of alternative timing strategies in greenhouse gas abatement: A data envelopment analysis approach
By CostBenefit on May 13, 2009 | In General, Climate Change GHG Carbon CO2, Europe, Academic Study/Journal Article, Regulatory Analysis, Computer Software/Database, Contamination Cost, Cost-Benefit Analysis, Environmental Economics / Ecological Economics, Costs and Benefits | Send feedback »
Link: http://dx.doi.org/10.1016/j.ecolecon.2008.07.012
Abstract: Assessing the benefits of climate policies is complicated due to ancillary benefits: abatement of greenhouse gases also reduces local air pollution. The timing of the abatement measures influences both the economic costs and ancillary benefits. This paper conducts efficiency analysis of ten alternative timing strategies, taking into account the ancillary benefits. Timo Kuosmanen, Neil Bijsterbosch and Rob Dellink apply the approach by Kuosmanen and Kortelainen [Valuing Environmental Factors in Cost-Benefit Analysis Using Data Envelopment Analysis, Ecological Economics 62 (2007), 56–65], which does not require prior valuation of the environmental impacts. The assessment is based on synthetic data from a dynamic applied general equilibrium model calibrated to The Netherlands. Their assessment shows that if one is only interested in GHG abatement at the lowest economic cost, then equal reduction of GHGs over time is preferred. If society is willing to pay a premium for higher ancillary benefits, an early mid-intensive reduction strategy is optimal.
Keywords: Ancillary benefits; Applied general equilibrium modeling; Climate change; Eco-efficiency; Environmental performance
by Timo Kuosmanen 1, Neil Bijsterbosch 2 and 3 and Rob Dellink 2 and 4
1. Economic Research Unit, MTT Agrifood Research Finland, Luutnantintie 13, 00410 Helsinki, Finland
2. Environmental Economics and Natural Resources Group, Wageningen University, Hollandseweg 1, 6706 KN Wageningen, The Netherlands
3. MWH B.V., Rijnsburgstraat 9-11, 1059 AT Amsterdam, The Netherlands
4. Institute for Environmental Studies (IVM), Vrije Universiteit Amsterdam, De Boelelaan 1085, 1081 HV Amsterdam, The Netherlands
Ecological Economics via Elsevier Science Direct www.ScienceDirect.com
Volume 68, Issue 6; April 15, 2009; Pages 1633-1642
Special Issue: Eco-efficiency: From technical optimisation to reflective sustainability analysis
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