Economic Impacts of Different Post-Kyoto Regimes

This paper analyzes world-wide macroeconomic implications of different post-Kyoto agreements and participation in emission trading schemes (ETS). The policy scenarios are based on the Copenhagen Accord, assuming that the EU completely implements its climate and energy package until 2020. For this, a detailed optimization model of European power generation and the global GINFORS model, which covers 50 countries and 2 regions, were used to carry out different scenario analyses. GINFORS is an economy-energy-e