Article ID Journal Published Year Pages File Type
7393502 World Development 2015 15 Pages PDF
Abstract
We investigate the trade-offs between economic growth and low carbon targets for developing and developed countries in the period up to 2035. Policy options are evaluated with an original version of the dynamic CGE model GDynE. Abatement costs appear to be strongly detrimental to economic growth for developing countries. We investigate options for reducing these costs that are consistent with the current negotiations. We show that the Green Climate Fund financed through a levy on carbon taxation can benefit all parties, and large benefits are associated with investment of the Green Climate Fund to foster energy efficiency in developing countries.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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