Europe's Twenties: A Study Using the WIATEC Model

23 Pages Posted: 24 Oct 2009

See all articles by Claudia Kemfert

Claudia Kemfert

DIW Deutsches Institut für Wirtschaftsforschung

Hans Kremers

affiliation not provided to SSRN

Truong Truong

affiliation not provided to SSRN

Date Written: August 2009

Abstract

In this paper, we use a computable general equilibrium model (WIATEC) to study the potential impact of implementing Europe's 20-20-20 climate policy. The results show that the economic costs of implementing the policy are only moderate and within the range of recent empirical evidence. Furthermore, they also indicate that there is a possibility that the existing allocations to the Europena sectors participating in the EU Emissions Trading Scheme (EU ETS) are on the low side, and therefore, there are still rooms for movement in the future.

Keywords: Climate policy, Energy policy, EU 20-20-20 plan, EU Emission Trading System, Computable General Equilibrium

JEL Classification: C63, C68, D58, F11, F18, H21, O13, P28, Q54, Q58, R13

Suggested Citation

Kemfert, Claudia and Kremers, Hans and Truong, Truong, Europe's Twenties: A Study Using the WIATEC Model (August 2009). DIW Berlin Discussion Paper No. 913, Available at SSRN: https://ssrn.com/abstract=1493206 or http://dx.doi.org/10.2139/ssrn.1493206

Claudia Kemfert (Contact Author)

DIW Deutsches Institut für Wirtschaftsforschung ( email )

Mohrenstraße 58
Berlin, 10117
Germany

Hans Kremers

affiliation not provided to SSRN ( email )

Truong Truong

affiliation not provided to SSRN

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
56
Abstract Views
1,442
Rank
664,767
PlumX Metrics