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GTAP Resource #6091

"The removal of fossil fuel subsidies in Italy and interactions with the 2030 EU climate and energy framework"
by Orecchia, Carlo and Gionata Castaldi

The removal of environmentally harmful subsidies (EHS, henceforth) is at the centre of the international debate especially after the signature and entrance into force of the Paris Agreement.
To evaluate the macroeconomic benefits stemming from the removal EHS we employed the global dynamic general equilibrium model ERMES (Economic Recursive-dynamic Model for Environmental Sustainability) based on the static model Gtap-E (McDougall et al., 2007) and on the Gtap 9 database (Aguiar et al., 2016) and includes representative firms and households and production factors. This type of models has been used extensively for the evaluation of fossil fuels subsidies removal (Burniaux and Chateau , 2011 and 2014, Bosello and Standardi, 2013; Jewell et al. 2018).
The original structure of the Gtap-E model has been extensively modified and updated:
the capital stock is not fixed but varies over time based on the so-called recursive dynamics;
the energy system of the model has been carefully extended and considers the substitution (with CRESH functions, Hanoch 1975) between 11 different technologies;
considers all GHGs: CO2 emissions, CH4, N2O and FGASS;
the climate policy module is flexible enough to select the types of gas (CO2, CH4, N2O, FGAS), the sector (distinguishing between ETS and non-ETS) and the country.

Resource Details (Export Citation) GTAP Keywords
Category: 2020 Conference Paper
Status: Published
By/In: Presented during the 23rd Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2020
Version: 1
Created: Orecchia, C. (4/15/2020)
Updated: Orecchia, C. (6/18/2020)
Visits: 1,257
- Model validation and sensitivity analysis
- Climate change policy
- Trade and the environment
- Economic growth
- European Union

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