Reducing carbon dioxide emissions through joint implementation of projects
World Bank, Development Research Group, Trade, 2000 - Science - 26 pages
Most proposals for joint implementation of energy projects emphasize installing more technically efficient capital equipment to allow reduced energy use for any given mix of input and output. But increases in energy efficiency are likely to have second-round effects. Reducing energy demand, for example, will reduce the market price of energy and stimulate energy use, partially offsetting the initial reduction in demand. These effects are likely to be substantially larger in the long run, reducing the magnitude of these offsets.
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already the least C02 emissions Carbon Dioxide Emissions carbon emissions carbon intensive carbon tax changes in effective Changes in technique clean development mechanism coal use efficiency combined impact completely ineffective consumption costs of reducing cross-price impacts demand curve demand for energy demand for individual demand side developing countries direct impact effective quantities effective units elasticities of demand elasticities of supply emission reductions emission-intensive coal emissions intensities fuel whose efficiency greenhouse gas emissions increase in emissions industrial countries industrial sector ineffective in reducing input-augmenting technical change International Energy Agency joint implementation projects least emission-intensive marginal costs McKibbin and Wilcoxen national quotas natural gas OECD oil and gas percent Policy Research production Projects that improve quantity of fuel reducing emissions reduction in demand reduction in emissions reductions in greenhouse relevant elasticities Research Working Paper shown in Column substitution effects supply side total emissions total price-induced impact types of energy UNFCCC World Bank