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In 2008, the government of Republic of Korea Koreaannouncedced the national abatement target aiming at 30% reductions from the Business-as-Usual projections by 2020.
The authors argue that in order to meet the emission abatement target, a significant increase in the carbon price is necessary when the burden of abatement falls on the unprotected sectors.
Four case studies are formulated considering policies and measures on renewable portfolio schemes and internationally tradable green certificates, emissions trading and global GHG abatement target, energy efficiency standards and internalisation of external costs.
Models that do not explicitly incorporate domestic margins over-estimate the reduction in CO2 emissions from a given carbon tax or under-estimate the level of a carbon tax needed to achieve a specific abatement target when domestic margins are fixed or when the carbon tax is treated as a consumption tax with variable domestic margins.
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Europe's carbon abatement targets are impossible for the steel industry to achieve as things stand.
In the results, we find that the abatement path distinguishes largely under different abatement targets.
Decision makers facing abatement targets need to decide which abatement measures to implement, and in which order.
Stringent abatement targets without centralised gas power plants render e-mobility less attractive, with natural gas hybrids becoming cost effective.
If adaptive management is adopted, there is no need to account for future climate change when planning the current abatement targets.
A key conclusion is that access to a global carbon permit market would alleviate the need to rely more heavily on unprotected industries in order to meet abatement targets.
European air pollution abatement policy, in the framework of the UNECE Convention on Long-range Transboundary Air Pollution (LRTAP Convention) and the European Union Clean Air for Europe (CAFE) programme, has used critical loads and their exceedances by atmospheric deposition to design emission abatement targets and strategies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com