Technological Scarcity, Compliance Flexibility and the Optimal Time Path of Emissions Abatement：（技术短缺、合规的灵活性和减少排放的最佳时间路径）.pdfVIP

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Technological Scarcity, Compliance Flexibility and the Optimal Time Path of Emissions Abatement：（技术短缺、合规的灵活性和减少排放的最佳时间路径）.pdf

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Technological Scarcity, Compliance Flexibility and the Optimal Time Path of Emissions Abatement：（技术短缺、合规的灵活性和减少排放的最佳时间路径）

NOVEMBER 2008 ESI Working Paper 08-02 TECHNOLOGICAL SCARCITY, COMPLIANCE FLEXIBILITY AND THE OPTIMAL TIME PATH OF EMISSIONS ABATEMENT Bryan K. Mignone Brookings Energy Security Initiative Working Paper 08-02 November 2008 Technological Scarcity, Compliance Flexibility and the Optimal Time Path of Emissions Abatement Bryan K. Mignone1,2* 1Foreign Policy Program, The Brookings Institution, Washington, D.C., USA 2 Centre for Applied Macroeconomic Analysis, The Australian National University, Canberra, Australia This working paper is identical to Centre for Applied Macroeconomic Analysis Working Paper 36/2008 available at .au/publications.asp. The author thanks Richard Richels of the Electric Power Research Institute for making available the MERGE model code. In addition, the author acknowledges helpful comments from Paul Higgins. * Corresponding authors E-mail: bmignone@ Technological Scarcity, Compliance Flexibility and the Optimal Time Path of Emissions Abatement Abstract The overall economic efficiency of a quantity-based approach to greenhouse gas mitigation depends strongly on the extent to which such a program provides opportunities for compliance flexibility, particularly with regard to the timing of emissions abatement. Here I consider a program in which annual targets are determined by choosing the optimal time path of reductions consistent with an exogenously prescribed cumulative reduction target and fixed technology set. I then show that if the availability of