The Macro-Economic Cost and Benefit of Reducing Greenhouse Gas Emissions in the European Union

- Introduction: The Economic Cost of CO2 Abatement; Structure of the Volume.
- Literature Rezension: Introduction; Models and Studies for the Cost of GHB Abatement; Gaps from Previous Studies and Directions of Future Research.
- Definition of Policy Instruments and Criteria for Their Assessment: Introduction; Criteria for the Assessment of Environmental Policy Instruments; Selected Environmental Policy Instruments; Evaluation of Environmental Policy Instruments; Conclusions.
- Baseline Scenario for the EU and Overview of Policy Simulations: Introduction; The Baseline Scenario: The European Economy to 2010; Environmental Constraints in the GEM-E3 Model: An Overview of the Model Mechanisms; Definition of the Policy Scenarios.
- The Cost of Meeting Emission Reduction Targets: Pollution Permits.
- The Role of Accompanying Policies: Recycling Through the Reduction of Labour Costs; Recycling Through the Reduction of Investment Costs; No Recycling; The Impact of Exemptions and Derogations.
- The Role of Energy Saving Investment: Model Specification; Simulation Results.
- Internalisation of Externalities: Introduction; Methodology; The Externalities and Their Damage Valuation; The Internalisation Scenario; Simulation Results.
- Burden Sharing: Introduction; Equity and Efficiency; Operationalisation of Equity Rules; The Burden Sharing Issue in the EU Context; Simulation of an EU Wide Permit Scheme under Alternative Equity Rules; Conclusion.
- Sensitivity Analysis: Labour Market Ridgities and the Double Dividend Issue; World Context.
- Conclusions: Emission Abatement and Sustainable Development; Policy Instruments; Policy Evaluation Criteria and Main Results.
- Appendix: Brief Description of Models Used in the Study..