Content area

Abstract

In the present study, for the first time, an effort sharing approach based on Inertia and Capability principles is proposed to assess European Union (EU27) carbon budget distribution among the Member States. This is done within the context of achieving the Green Deal objective and EU27 carbon neutrality by 2050. An in-depth analysis is carried out about the role of Economic Decoupling embedded in the Capability principle to evaluate the correlation between the expected increase of economic production and the level of carbon intensity in the Member States. As decarbonization is a dynamic process, the study proposes a simple mathematical model as a policy tool to assess and redistribute Member States carbon budgets as frequently as necessary to encourage progress or overcome the difficulties each Member State may face during the decarbonization pathways.

Details

1009240
Title
Influence of Economic Decoupling in assessing carbon budget quotas for the European Union
Publication title
Source details
arXiv.org, Papers
Publication year
2022
Publication date
2022
Publisher
Federal Reserve Bank of St. Louis
Place of publication
St. Louis
Country of publication
United States
Publication subject
Source type
Working Paper
Language of publication
English
Document type
Working Paper
ProQuest document ID
2740367638
Document URL
https://www.proquest.com/working-papers/influence-economic-decoupling-assessing-carbon/docview/2740367638/se-2?accountid=208611
Copyright
©2022. Notwithstanding the ProQuest Terms and conditions, you may use this content in accordance with the associated terms available at https://research.stlouisfed.org/research_terms.html .
Last updated
2022-11-28
Database
2 databases
  • ProQuest One Academic
  • ProQuest One Academic