Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment
This paper investigates the potential for developing countries to mitigate greenhouse gas emissions without slowing their expected economic growth. A theoretical frame- work is developed that unifies bottom-up marginal abatement cost curves and par...
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/07/26561773/technology-strategies-low-carbon-economic-growth-general-equilibrium-assessment http://hdl.handle.net/10986/24823 |
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okr-10986-248232021-04-23T14:04:27Z Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment Wing, Ian Sue Timilsina, Govinda climate change economic growth technological change general equilibrium model green growth low carbon development climate change mitigation energy efficiency sustainable growth This paper investigates the potential for developing countries to mitigate greenhouse gas emissions without slowing their expected economic growth. A theoretical frame- work is developed that unifies bottom-up marginal abatement cost curves and partial equilibrium techno-economic simulation modeling with computational general equilibrium (CGE) modeling. The framework is then applied to engineering assessments of energy efficiency technology deployments in Armenia and Georgia. The results facilitate incorporation of bottom-up technology detail on energy-efficiency improvements into a CGE simulation of the economy-wide economic costs and mitigation benefits of technology deployment policies. Low-carbon growth trajectories are feasible in both countries, enabling reductions of up to 4 percent of baseline emissions while generating slight increases in GDP (1 percent in Armenia and 0.2 percent in Georgia). The results demonstrate how MAC curves can paint a misleading picture of the true potential for both abatement and economic growth when technological improvements operate within a system of general equilibrium interactions, but also highlight how using their underlying data to identify technology options with high opportunity cost elasticities of productivity improvement can lead to more accurate assessments of the macroeconomic consequences of technology strategies for low-carbon growth. 2016-08-09T16:18:02Z 2016-08-09T16:18:02Z 2016-07 Working Paper http://documents.worldbank.org/curated/en/2016/07/26561773/technology-strategies-low-carbon-economic-growth-general-equilibrium-assessment http://hdl.handle.net/10986/24823 English en_US Policy Research Working Paper;No. 7742 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Europe and Central Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
climate change economic growth technological change general equilibrium model green growth low carbon development climate change mitigation energy efficiency sustainable growth |
| spellingShingle |
climate change economic growth technological change general equilibrium model green growth low carbon development climate change mitigation energy efficiency sustainable growth Wing, Ian Sue Timilsina, Govinda Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment |
| geographic_facet |
Europe and Central Asia |
| relation |
Policy Research Working Paper;No. 7742 |
| description |
This paper investigates the potential
for developing countries to mitigate greenhouse gas
emissions without slowing their expected economic growth. A
theoretical frame- work is developed that unifies bottom-up
marginal abatement cost curves and partial equilibrium
techno-economic simulation modeling with computational
general equilibrium (CGE) modeling. The framework is then
applied to engineering assessments of energy efficiency
technology deployments in Armenia and Georgia. The results
facilitate incorporation of bottom-up technology detail on
energy-efficiency improvements into a CGE simulation of the
economy-wide economic costs and mitigation benefits of
technology deployment policies. Low-carbon growth
trajectories are feasible in both countries, enabling
reductions of up to 4 percent of baseline emissions while
generating slight increases in GDP (1 percent in Armenia and
0.2 percent in Georgia). The results demonstrate how MAC
curves can paint a misleading picture of the true potential
for both abatement and economic growth when technological
improvements operate within a system of general equilibrium
interactions, but also highlight how using their underlying
data to identify technology options with high opportunity
cost elasticities of productivity improvement can lead to
more accurate assessments of the macroeconomic consequences
of technology strategies for low-carbon growth. |
| format |
Working Paper |
| author |
Wing, Ian Sue Timilsina, Govinda |
| author_facet |
Wing, Ian Sue Timilsina, Govinda |
| author_sort |
Wing, Ian Sue |
| title |
Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment |
| title_short |
Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment |
| title_full |
Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment |
| title_fullStr |
Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment |
| title_full_unstemmed |
Technology Strategies for Low-Carbon Economic Growth : A General Equilibrium Assessment |
| title_sort |
technology strategies for low-carbon economic growth : a general equilibrium assessment |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/07/26561773/technology-strategies-low-carbon-economic-growth-general-equilibrium-assessment http://hdl.handle.net/10986/24823 |
| _version_ |
1764457743989604352 |