This paper explores the effects of sectoral targets in international climate policy in a macroeconomic frame-work, their interaction with the EU emissions Trading System (EU ETS), and to which extent sectoral targets can address the concerns of competitiveness. We assume that a global binding agreement exists between the steel sector and governments. The steel sector seems particularly suited for a sectoral targets approach be-cause it is relatively CO2-intensive (3-5% of global CO2-emissions) and also trade intensive (approximately 20% of the value of steel output is traded).
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Climate | Energy
Sectoral Targets as a Means to Reduce Global Carbon Emissions.
Final report of the UFO-Plan Project “Emissionsminderung in Industriestaaten und Entwicklungsländern – Kosten, Potenziale und ökologische Wirksamkeit”
Series
Texte | 14/2015
Number of pages
39
Year of publication
Author(s)
Vicki Duscha, Everett B. Peterson, Joachim Schleich, Katja Schumacher
Language
English
Project No. (FKZ)
3711 19 105
Publisher
Umweltbundesamt
File size
1454 KB
Price
0,00 €
Print version
not available
rated as helpful
301