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Sectoral targets as a means to reduce global carbon emissions

Final report of the UFO-Plan Project "Emissionsminderung in Industriestaaten und Entwicklungsländern - Kosten, Potenziale und ökologische Wirksamkeit". Project No. (FKZ) 3711 19 105. Report No. (UBA-FB) 002020
: Duscha, Vicki; Peterson, Everett; Schleich, Joachim; Schumacher, Katja

Volltext (PDF; )

Berlin: UBA, 2015, 39 S.
Texte - Umweltbundesamt, 14/2015
Bundesministerium für Umwelt, Naturschutz, Bau und Reaktorsicherheit BMUB
3711 19 105; UFOPLAN
Bericht, Elektronische Publikation
Fraunhofer ISI ()
sectoral targets; steel sector; carbon leakage; Post-Kyoto; climate policy

This paper explores the effects of sectoral targets in international climate policy in a macroeconomic frame-work, their interaction with the EU emissions Trading System (EU ETS), and to which extent sectoral targets can address the concerns of competitiveness. We assume that a global binding agreement exists between the steel sector and governments. The steel sector seems particularly suited for a sectoral targets approach be-cause it is relatively CO2-intensive (3-5% of global CO2-emissions) and also trade intensive (approximately 20% of the value of steel output is traded).