The optimal timing, sectoral distribution, and cost of greenhouse gas emission reductions is different when abatement is obtained though abatement expenditures chosen along an abatement cost curve, or through investment in low-carbon capital. In the latter framework, optimal investment costs differ in each sector: they are equal to the value of avoided carbon emissions, minus the value of the forgone option to invest later. It is therefore misleading...
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2013/04/01
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Рабочий документ в рамках исследования вопросов политики
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WPS6415
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1
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1
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2013/04/01
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Disclosed
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Should marginal abatement costs differ across sectors ? the effect of low-carbon capital accumulation
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carbon price
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