全球智库信息集成服务系统

FROM THE INTRODUCTION: In this paper, we develop a welfare model based on consumer surplus and run a number of simulations looking at the welfare losses accruing from energy price increases caused by a shift to reduce carbon emissions by six per cent of 1990 levels. The price increases we use for this paper are derived from the MARKAL-EQUITY model (Guertin 2002). The energy demand function and the respective price elasticities used in this model are similar to the functions used in the MARKAL-EQUITY model.