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22대 대한민국 국회 국회정보길라잡이 국회의원검색
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Title page

Contents

Abstract 2

1. Introduction 5

2. Model description 6

2.1. Base models 6

2.1.1. Abatement investment model 6

2.1.2. "Strawman" model 8

2.2. Adding delayed learning to the INV and MAC models 8

2.2.1. Abatement investment model with delayed learning 8

2.2.2. "Strawman" model with delayed learning 10

2.3. Calibration 10

2.3.1. Global parameters 10

2.3.2. Marginal abatement and investment costs 12

3. Results 13

3.1. Impact of delayed learning on aggregate policy cost 13

3.2. Impact of delayed learning on the temporal distribution of policy cost 16

3.3. Impact of delayed learning on the sectoral allocation of abatement investment 17

4. Discussion 19

A. Including direct air capture technologies 21

A.1. Augmented model framework 22

A.2. Results 22

B. Increasing emissions baselines 23

B.1. Results 23

C. Alternative calibrations 26

C.1. High cost, linear calibration 26

C.1.1. Calibration 26

C.1.2. Results 28

C.2. Nonlinear calibration 28

C.2.1. Calibration 28

C.2.2. Results 28

D. Computational details 28

References 31

Tables

Table 1. Calibration parameters for the MAC and INV models for each temperature target using the low cost, linear calibration 14

Table 2. Calibration parameters for the MAC and INV models for each temperature target using the high cost, linear calibration 27

Table 3. Calibration parameters for the MAC and INV models for each temperature target using the nonlinear calibration 30

Figures

Figure 1. Calibrating marginal abatement costs 11

Figure 2. Effect of delayed learning on aggregate policy cost 15

Figure 3. Effect of delayed learning on the temporal distribution of spending 16

Figure 4. Effect of delayed learning on sectoral allocation of abatement investment 17

Figure 5. Effect of delayed learning on the carbon price 18

Figure 6. Effect of delayed learning on aggregate policy cost including direct air capture technologies 23

Figure 7. Impact of delayed learning on sectoral allocation of abatement investment when direct air capture technologies are present 24

Figure 8. Effect of delayed learning on aggregate policy cost, growing emissions baseline 25

Figure 9. Effect of delayed learning on the temporal distribution of spending, growing emissions baseline 26

Figure 10. Effect of delayed learning on aggregate policy cost, high-bound calibration 29

Figure 11. Effect of delayed learning on the temporal distribution of spending, high-bound calibration 31

Figure 12. Effect of delayed learning on aggregate policy cost, nonlinear calibration 32

Figure 13. Effect of delayed learning on the temporal distribution of spending, nonlinear calibration 33

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