The Economic Effects of EU-Wide Industry-Level Emission Trading to Reduce Greenhouse Gases: Results from PRIMES Energy Systems Model
Description: In preparation of the Green Paper on greenhouse gas emissions trading within the European Union, the cost implications of EU-wide emissions trading carbon dioxide were estimated by E3-Lab with their PRIMES energy systems model. According to the report, if each EU member States implemented its target under the Burden sharing agreement individually, the total annual cost for the EU to reach the Kyoto target would be 9.0 billion Pound.
Date: May 2000
Creator: Capros, P. & Manzos, L.
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