Dynamics of carbon abatement in the Second Generation Model [An article from: Energy Economics]

This digital document is a journal article from Energy Economics, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
The Second Generation Model (SGM) is a collection of computable-general-equilibrium models developed for analysis of policies to reduce greenhouse gas emissions. Behavior of the Second Generation Model, with respect to changes in carbon prices, can be summarized using marginal abatement cost curves. Marginal abatement costs vary over time, as capital stocks adjust to a new set of prices, and across countries, depending in part on the mix of fuels in the existing energy system. This paper documents the production structure in SGM, marginal abatement cost curves derived from SGM with constant-carbon-price experiments, an application to several Energy Modeling Forum scenarios, and a methodology for including carbon capture and disposal in SGM.