Economic modelling approaches to cost estimates for the control of carbon dioxide emissions.

H. Folmer, Z. Zhang

    Research output: Contribution to journalArticleAcademicpeer-review

    49 Citations (Scopus)

    Abstract

    This article gives an assessment of the relative strengths and weaknesses of a variety of economic modelling approaches commonly used for cost estimates for limiting carbon emissions, including the ad hoc approach, dynamic optimization approach, input-output approach, macroeconomic approach, computable general equilibrium approach and the hybrid approach. It illustrates how these economic approaches are able to shed light on different aspects of the control of carbon emissions. Some conclusions with respect to the applicability of each approach are drawn.
    Original languageEnglish
    Pages (from-to)101-120
    JournalEnergy Economics
    Volume20
    DOIs
    Publication statusPublished - 1998

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