Assessment of Economic-Environmental Consequences of Implementing Policies to Exclude and Reform Fossil Fuel Subsidies in the Mena Region up to the Time Horizon by 2100: Experimental Application of RICE Model
Investigation of the temperature over a 100-year period shows that the Earth's temperature has increased by 0.7 °C since 1800, and that the average global temperature is likely to increase between 1.8 and 6.4 °C in 2100. Even with significant advances in ways to prevent temperature increase, 3 °C temperature increase or more is likely to occur in the present century. Intergovernmental Panel on Climate Changes predicts climate changes; especially rising temperature will pose challenges for the Mena region throughout the 21st century. Therefore, the main objective of the present study is to assess implementation of policies to exclude and reform fossil fuel subsidies in order to control temperature increase and the effect of implementing these policies on economic variables (GDP, per capita consumption, capital accumulation, and employment). The countries of the Mena region are up to the time horizon of 2100. For this purpose, the dynamic Regional Integrated Climate -Economy Model (RICE) was used. The results show that in the long run (until the end of the 21st century) if no policy is implemented to prevent temperature increase and subsidies for carbon continue, the average global temperature will reach 4.74 °C and if the policy If policy of exclusion of fossil fuel subsidies is applied, the average global temperature will increase by 4.49 °C, and if the policy of reforming fossil fuel subsidies (mark-up on carbon) is implemented, the average global temperature will increase by 4.24 °C. Also, the trend of parameters of GDP, per capita consumption, capital accumulation, employment and industrial carbon emissions have been assessed using different scenarios.
JEL Classification: Q54, D58, Q51, Q43
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Due to technical limitations, full-text HTML conversion of this manuscript could not be completed. However, the manuscript can be downloaded and accessed as a PDF.
Posted 24 Sep, 2020
On 20 Dec, 2020
Invitations sent on 19 Dec, 2020
On 21 Sep, 2020
On 20 Sep, 2020
On 20 Sep, 2020
On 16 Sep, 2020
Assessment of Economic-Environmental Consequences of Implementing Policies to Exclude and Reform Fossil Fuel Subsidies in the Mena Region up to the Time Horizon by 2100: Experimental Application of RICE Model
Posted 24 Sep, 2020
On 20 Dec, 2020
Invitations sent on 19 Dec, 2020
On 21 Sep, 2020
On 20 Sep, 2020
On 20 Sep, 2020
On 16 Sep, 2020
Investigation of the temperature over a 100-year period shows that the Earth's temperature has increased by 0.7 °C since 1800, and that the average global temperature is likely to increase between 1.8 and 6.4 °C in 2100. Even with significant advances in ways to prevent temperature increase, 3 °C temperature increase or more is likely to occur in the present century. Intergovernmental Panel on Climate Changes predicts climate changes; especially rising temperature will pose challenges for the Mena region throughout the 21st century. Therefore, the main objective of the present study is to assess implementation of policies to exclude and reform fossil fuel subsidies in order to control temperature increase and the effect of implementing these policies on economic variables (GDP, per capita consumption, capital accumulation, and employment). The countries of the Mena region are up to the time horizon of 2100. For this purpose, the dynamic Regional Integrated Climate -Economy Model (RICE) was used. The results show that in the long run (until the end of the 21st century) if no policy is implemented to prevent temperature increase and subsidies for carbon continue, the average global temperature will reach 4.74 °C and if the policy If policy of exclusion of fossil fuel subsidies is applied, the average global temperature will increase by 4.49 °C, and if the policy of reforming fossil fuel subsidies (mark-up on carbon) is implemented, the average global temperature will increase by 4.24 °C. Also, the trend of parameters of GDP, per capita consumption, capital accumulation, employment and industrial carbon emissions have been assessed using different scenarios.
JEL Classification: Q54, D58, Q51, Q43
Figure 1
Figure 2
Figure 3
Figure 4
Figure 5
Figure 6
Figure 7
Figure 8
Due to technical limitations, full-text HTML conversion of this manuscript could not be completed. However, the manuscript can be downloaded and accessed as a PDF.