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042 |a dlr 
050 4 |a HG3881.5.W57  |b P63 no.4033 
049 |a GWRE 
100 1 |a Marschinski, Robert. 
245 1 0 |a Do intensity targets control uncertainty better than quotas? :  |b conditions, calibrations, and caveats /  |c Robert Marschinski and Franck Lecocq. 
260 |a [Washington, D.C.] :  |b World Bank, Development Research Group, Infrastructure and Environment Team,  |c [2006] 
300 |a 1 online resource (39 pages) :  |b illustrations 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a Policy research working paper ;  |v 4033 
500 |a Title from PDF file as viewed on 12/19/2006. 
504 |a Includes bibliographical references. 
520 3 |a Among policy instruments to control future greenhouse gas emissions, well-calibrated general intensity targets are known to lead to lower uncertainty on the amount of abatement than emissions quotas (Jotzo and Pezzey 2004). The authors test whether this result holds in a broader framework, and whether it applies to other policy-relevant variables as well. To do so, they provide a general representation of the uncertainty on future GDP, future business-as-usual emissions, and future abatement costs. The authors derive the variances of four variables, namely (effective) emissions, abatement effort, marginal abatement costs, and total abatement costs over GDP under a quota, a linear (LIT) and a general intensity target (GIT)-where the emissions ceiling is a power-law function of GDP. They confirm that GITs can yield a lower variance than a quota for marginal costs, but find that this is not true for total costs over GDP. Using economic and emissions scenarios and forecast errors of past projections, the authors estimate ranges of values for key parameters in their model. They find that quotas dominate LITs over most of this range, that calibrating GITs over this wide range is difficult, and that GITs would yield only modest reductions in uncertainty relative to quotas. 
650 0 |a Abatement Costs. 
650 0 |a Abatement Level. 
650 0 |a Climatic changes. 
650 0 |a Economic Theory and Research. 
650 0 |a Effective Emissions. 
650 0 |a Emission. 
650 0 |a Emission Reductions. 
650 0 |a Emissions Relative. 
650 0 |a Abatement Cost. 
650 0 |a Abatement. 
650 0 |a Energy. 
650 0 |a Energy and Environment. 
650 0 |a Energy Production and Transportation. 
650 0 |a Ecology. 
650 0 |a Environment and Energy Efficiency. 
650 0 |a Finance and Financial Sector Development. 
650 0 |a Fuel. 
650 0 |a Gas Emission. 
650 0 |a Macroeconomics and Economic Growth. 
650 0 |a Pollution Management and Control. 
650 0 |a Public Sector Development. 
650 0 |a Transportation. 
650 0 |a Transport and Environment. 
650 7 |a Ecology  |2 fast 
650 7 |a Climatic changes  |2 fast 
650 7 |a Fuel  |2 fast 
650 7 |a Transportation  |2 fast 
758 |i has work:  |a Do intensity targets control uncertainty better than quotas? (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCH46TthmmM4jK3xjBJFbtX  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Marschinski, Robert.  |t Do intensity targets control uncertainty better than quotas?.  |d [Washington, D.C.] : World Bank, Development Research Group, Infrastructure and Environment Team, [2006]  |w (OCoLC)76946136 
830 0 |a Policy research working papers (Online) ;  |v 4033. 
856 4 0 |u https://openknowledge.worldbank.org/handle/10986/9016  |z Full Text (via Open Knowledge Repository) 
915 |a M 
956 |a World Bank Open Knowledge 
956 |b World Bank Group: Open Knowledge Repository 
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952 f f |p Can circulate  |a University of Colorado Boulder  |b Online  |c Online  |d Online  |e HG3881.5.W57 P63 no.4033  |h Library of Congress classification  |i web