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Olivia Ricci and Sandrine Selosse
''A cost analysis of the Copenhagen emission reduction pledges''
( 2013, Vol. 33 No.1 )
As part of the Copenhagen Accord, countries have submitted emission reduction pledges for 2020. Using a long term optimisation model (TIAM-FR), we evaluate the implications of these submissions for emission reductions, carbon prices and total cost of the energy system. Our study finds that the pledges are not sufficient to meet the global recommended 2-2.4°C objective. Furthermore, reaching the overall 2°-2.4C objective would involve significant costs for China and India that explains the difficulty of international negotiations.
Keywords: Global warming, Copenhagen Accord, long term optimisation model, abatement cost
JEL: Q5 - Environmental Economics: General
Q4 - Energy: General
Manuscript Received : Dec 27 2012 Manuscript Accepted : Mar 15 2013

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