When starting with the most expensive option makes sense : Optimal timing, cost and sectoral allocation of abatement investment (English)

This paper finds that it is optimal to start a long-term emission-reduction strategy with significant short-term abatement investment, even if the optimal carbon price starts low and grows progressively over time. Moreover, optimal marginal abatement investment costs differ across sectors of the economy. It may be preferable to spend 25 dollars to avoid the marginal ton of carbon in a sector where abatement capital is expensive, such as public transportation...

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Author

Vogt-Schilb,Adrien Camille;

Meunier,Guy;

Hallegatte,Stephane;
Document Date
2017/12/12
Document Type
Journal Article
Report Number
123223
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2018/02/14
Disclosure Status
Disclosed
Doc Name
When starting with the most expensive option makes sense : Optimal timing, cost and sectoral allocation of abatement investment
Keywords
carbon price

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Citation

Vogt-Schilb,Adrien Camille; Meunier,Guy; Hallegatte,Stephane.

When starting with the most expensive option makes sense : Optimal timing, cost and sectoral allocation of abatement investment (English). Author accepted manuscript Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/696551518603478681

When starting with the most expensive option makes sense : Optimal timing, cost and sectoral allocation of abatement investment (English)

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