Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures

Decision makers facing abatement targets need to decide which abatement measures to implement, and in which order. Measure-explicit marginal abatement cost curves depict the cost and abating potential of available mitigation options. Using a simple intertemporal optimization model, we demonstrate wh...

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Main Authors:	Vogt-Schilb, Adrien, Hallegatte, Stéphane
Format:	Journal Article
Language:	en_US
Published:	Elsevier 2013
Subjects:	climate change mitigation dynamic efficiency sectoral policies Marginal Abatement Cost Curves MACC emission reduction carbon pricing
Online Access:	http://hdl.handle.net/10986/16379

id	okr-10986-16379
recordtype	oai_dc
spelling	okr-10986-163792021-04-23T14:03:28Z Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures Vogt-Schilb, Adrien Hallegatte, Stéphane climate change mitigation dynamic efficiency sectoral policies Marginal Abatement Cost Curves MACC emission reduction carbon pricing Decision makers facing abatement targets need to decide which abatement measures to implement, and in which order. Measure-explicit marginal abatement cost curves depict the cost and abating potential of available mitigation options. Using a simple intertemporal optimization model, we demonstrate why this information is not sufficient to design emission reduction strategies. Because the measures required to achieve ambitious emission reductions cannot be implemented overnight, the optimal strategy to reach a short-term target depends on longer-term targets. For instance, the best strategy to achieve European's −20% by 2020 target may be to implement some expensive, high-potential, and long-to-implement options required to meet the −75% by 2050 target. Using just the cheapest abatement options to reach the 2020 target can create a carbon-intensive lock-in and make the 2050 target too expensive to reach. Designing mitigation policies requires information on the speed at which various measures to curb greenhouse gas emissions can be implemented, in addition to the information on the costs and potential of such measures provided by marginal abatement cost curves. 2013-12-12T17:27:17Z 2013-12-12T17:27:17Z 2013-12-04 Journal Article Energy Policy 0301-4215 http://hdl.handle.net/10986/16379 en_US http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Elsevier Publications & Research :: Journal Article Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	climate change mitigation dynamic efficiency sectoral policies Marginal Abatement Cost Curves MACC emission reduction carbon pricing
spellingShingle	climate change mitigation dynamic efficiency sectoral policies Marginal Abatement Cost Curves MACC emission reduction carbon pricing Vogt-Schilb, Adrien Hallegatte, Stéphane Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	Decision makers facing abatement targets need to decide which abatement measures to implement, and in which order. Measure-explicit marginal abatement cost curves depict the cost and abating potential of available mitigation options. Using a simple intertemporal optimization model, we demonstrate why this information is not sufficient to design emission reduction strategies. Because the measures required to achieve ambitious emission reductions cannot be implemented overnight, the optimal strategy to reach a short-term target depends on longer-term targets. For instance, the best strategy to achieve European's −20% by 2020 target may be to implement some expensive, high-potential, and long-to-implement options required to meet the −75% by 2050 target. Using just the cheapest abatement options to reach the 2020 target can create a carbon-intensive lock-in and make the 2050 target too expensive to reach. Designing mitigation policies requires information on the speed at which various measures to curb greenhouse gas emissions can be implemented, in addition to the information on the costs and potential of such measures provided by marginal abatement cost curves.
format	Journal Article
author	Vogt-Schilb, Adrien Hallegatte, Stéphane
author_facet	Vogt-Schilb, Adrien Hallegatte, Stéphane
author_sort	Vogt-Schilb, Adrien
title	Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
title_short	Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
title_full	Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
title_fullStr	Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
title_full_unstemmed	Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures
title_sort	marginal abatement cost curves and the optimal timing of mitigation measures
publisher	Elsevier
publishDate	2013
url	http://hdl.handle.net/10986/16379
_version_	1764433022951620608

Marginal Abatement Cost Curves and the Optimal Timing of Mitigation Measures

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