Romania Toward a Low Carbon and Climate Resilient Economy : Marginal Abatement Cost Curve Analysis
The Marginal Abatement Cost Curves (MACC) analysis in the Romania Green Growth study presents a cross-sectoral outlook of the benefits and costs of the green technologies and abatement measures recommended in the sectoral modeling and analysis for...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/03/26049048/romania-toward-low-carbon-climate-resilient-economy-marginal-abatement-cost-curve-analysis http://hdl.handle.net/10986/24065 |
| Summary: | The Marginal Abatement Cost Curves
(MACC) analysis in the Romania Green Growth study presents a
cross-sectoral outlook of the benefits and costs of the
green technologies and abatement measures recommended in the
sectoral modeling and analysis for the time period
2015-2050. MACC are a commonly used tool in evaluating
emissions reduction technologies and a most efficient
communication instrument for discussions of the abatement
policies. Romania’s MACC is a combination of sectoral
curves, each of which was built using the most appropriate
approach for each sector. Global and local data sources were
use in the MACC analysis. The findings are as follows: (i)
sector analysis conducted for the Romania Green Growth
Assessment resulted in a selection of a list of measures
that constitute a green package in each sector of energy
efficiency, powersupply, forestry, agriculture,and
transport; (ii) a review by sector shows that energy
efficiency measures are most beneficial, they have high
abatement potential and mostly negative cost, while
electricity supply interventions produce most of the
abatement; (iii) agriculture and forestry measures are cost
efficient and (iv) in transport, attacking emissions and
generating local co-benefits justifies the high cost of the
interventions and motivates support for improved transport
policies. The conclusions and recommendations are as
follows: (a) The MACC work derives from the analysis and
modeling of all the relevant sectors in the Assessment; (b)
when the MACC data from all sectors is modeled in one chart,
it creates a clear and simple picture that compares green
measures by costs and benefits across sectors; and (c) the
Romania MACC can increase the quality of decisions regarding
prioritizing and scheduling the proposed abatement measures. |
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