OBJECTIVES OF RESEARCH
The main objective of this research is to assess the benefits and costs of possible self-enforcing technology-based international agreements involving the EU, China and India with the aim of stabilizing the long term atmospheric concentrations of GHGs. The specific objectives of the project are:
- To provide a detailed description of the available energy/technology options that might significantly reduce GHG emissions in China and India and their relative costs in comparison with EU and other OECD members (the possibility of endogenous technological learning (ETL) and the competition for innovation, expected in a world adapting to a new technology environment, being also analyzed).
- To define the possible self-enforcing international agreements on GHG emission abatement, taking into account their economic impacts, including terms of trade changes, as well as the possible gains of multilateral and bilateral collaborations, Clean Development Mechanisms (CDM) and international emission trading (IET) in order to stimulate RD&D cooperation and technology transfers toward China and India.
- To promote capacity building for modeling activities in China and India. Researchers from China and India who joined this project will benefit from high level scientific cooperation with leading European researchers and will develop databases and models for China and India that will be fully compatible with the most recent developments in EU and America concerning BU and TD modeling for energy-environment policy analysis. This ensemble of compatible models will be of great help for the development of a consistent dialogue between the parties in post-Kyoto negotiations.