Title: Kyoto and technology at the European Union: costs of emission reduction under flexibility mechanisms and technology progress

Authors: Pantelis Capros, Leonidas Mantzos

Addresses: Department of Electrical Engineering, National Technical University of Athens, 9 Iroon Politechniou Str., Zografou Campus, GR-157 73, Athens, Greece. ' Department of Electrical Engineering, National Technical University of Athens, 9 Iroon Politechniou Str., Zografou Campus, GR-157 73, Athens, Greece

Abstract: This paper presents the analysis of the consequences of CO2 emission reduction policies, as derived, in a European Union perspective, from the Kyoto Protocol for the 2010 horizon. The first section provides a thorough assessment, based on the PRIMES model results, of the marginal and total costs of compliance to the Kyoto Protocol for a ||no trading|| case and for two cases of emission trading, respectively at Annex B level and at world level. The second section deals with the importance of technical change both in the demand and the supply side for the achievement of the Kyoto emission reduction targets. Finally, the paper concludes with the key messages of the analysis.

Keywords: CO2 emission reduction; Kyoto Protocol; marginal abatement costs; flexibility mechanisms; emission trading; technology change; European Union.

DOI: 10.1504/IJGEI.2000.004352

International Journal of Global Energy Issues, 2000 Vol.14 No.1/2/3/4, pp.169 - 183

Published online: 10 May 2004 *

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