DOI: 10.1080/14693062.2014.861657
Scopus记录号: 2-s2.0-84890946843
论文题名: The economics of targeted mitigation in infrastructure
作者: Lecocq F ; , Shalizi Z
刊名: Climate Policy
ISSN: 1469-3062
EISSN: 1752-7457
出版年: 2014
卷: 14, 期: 2 起始页码: 187
结束页码: 208
语种: 英语
英文关键词: capital investment
; capital stock turnover
; carbon markets
; climate change mitigation
; infrastructure
; lock-in
; mitigation programmes
Scopus关键词: capital flow
; emission inventory
; emissions trading
; environmental economics
; environmental policy
; greenhouse gas
; infrastructural development
; mitigation
; pollution tax
; targeting
Scopus学科分类: nvironmental Science: General Environmental Science
; Earth and Planetary Sciences: Atmospheric Science
英文摘要: Once established, long-lived capital stock (LLKS) such as infrastructure can lock-in a stream of GHG emissions for extended periods of time. Historical examples from industrial countries suggest that investments in LLKS projects and networks are often lumpy and concentrated in time, and often generate significant indirect and induced emissions besides direct emissions. Urbanization and rapid economic growth suggest that similar investments in LLKS projects and networks are being or will soon be made in many developing countries. In their current form, carbon markets do not provide correct incentives for mitigation in LLKS because the constraint on emissions is limited to developed countries and extends only to 2012. Targeted mitigation programmes are thus necessary where LLKS is being built at a rapid rate to avoid getting locked into highly emissions-intensive LLKS. Even if carbon markets were extended geographically, sectorally, and over time, public intervention would still be required to ensure that indirect and induced emissions are accounted for, to facilitate LLKS project/network financing that bridges the gap between carbon revenues accruing over time and capital needed up front to finance lumpy investments, and to internalize other externalities (e.g. local pollution) and/or lift other barriers that penalize low-emissions alternatives relative to high-emissions ones.Policy relevanceLLKS is rapidly being built in developing countries and 'renewed'/upgraded in developed ones. Investment in LLKS programmes/networks, not just in individual projects, tends to be concentrated in time, two-thirds of which typically takes place in the first quarter of the programme's operating life. Initial/prototype projects can lock in commitment to a particular technology for the whole programme, thus requiring they be evaluated as part of a programme, and not on a stand-alone basis. In addition, indirect and induced emissions of LLKS programmes can be significant. However, scarce empirical evidence affects the utility of cost-benefit analysis in selecting projects or programmes. Finally, addressing the carbon externality alone (whether by market prices, taxes, or regulations) is insufficient to create a level playing field between low- and high-emission LLKS. Removing non-price barriers requires identification of binding constraints, selection of instruments to address them, and mechanisms to learn from and share experiences amongst countries and regions. © 2013 © 2013 Taylor & Francis. Citation statistics:
资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/80477
Appears in Collections: 科学计划与规划
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作者单位: CIRED, UMR 8568 CNRS ENPC CIRAD EHESS AgroParisTech, 45 bis avenue de la Belle Gabrielle, Nogent-sur-Marne, Cedex F-94736, France; Agroparistech, Engref, Laboratoire d'Économie Forestière, F-54000 Nancy, France; INRA, UMR 356 Économie Forestière, F-54000 Nancy, France
Recommended Citation:
Lecocq F,, Shalizi Z. The economics of targeted mitigation in infrastructure[J]. Climate Policy,2014-01-01,14(2)