Comments on: The cost of carbon targets http://www.irisheconomy.ie/index.php/2009/01/22/the-cost-of-carbon-targets/ Wed, 16 May 2012 21:44:53 +0000 http://wordpress.org/?v=2.6.3 By: Trevor Donnellan http://www.irisheconomy.ie/index.php/2009/01/22/the-cost-of-carbon-targets/#comment-421 Trevor Donnellan Fri, 23 Jan 2009 12:03:37 +0000 http://www.irisheconomy.ie/?p=391#comment-421 I would like to further clarify the reasons behind the reduction in emissions in the agriculture sector mentioned in the above text. As an outcome of weidespread consultation, EPA's Sept 2008 projections included policy assumptions in relation to the outcome of the recent CAP reform for agriculture which were not subsequently realised in the actual agreement (December 2008). The policy assumptions in the EPA projections reflected the thinking on the CAP policy outcome for Ireland that was in vogue in early 2008, which held out the prospect for a "special" deal for Ireland. It is important to emphasise also that emissions projections for agriculture are likely to be subject to considerable ongoing revision and are highly sensitve to developments internationally, given the dominant influence of the international market on the fortunes of the Agri sector in Ireland. I would like to further clarify the reasons behind the reduction in emissions in the agriculture sector mentioned in the above text.

As an outcome of weidespread consultation, EPA’s Sept 2008 projections included policy assumptions in relation to the outcome of the recent CAP reform for agriculture which were not subsequently realised in the actual agreement (December 2008).

The policy assumptions in the EPA projections reflected the thinking on the CAP policy outcome for Ireland that was in vogue in early 2008, which held out the prospect for a “special” deal for Ireland.

It is important to emphasise also that emissions projections for agriculture are likely to be subject to considerable ongoing revision and are highly sensitve to developments internationally, given the dominant influence of the international market on the fortunes of the Agri sector in Ireland.

]]> By: Richard Tol http://www.irisheconomy.ie/index.php/2009/01/22/the-cost-of-carbon-targets/#comment-397 Richard Tol Thu, 22 Jan 2009 16:06:50 +0000 http://www.irisheconomy.ie/?p=391#comment-397 Alan mentions a 5% limit on non-ETS flexibility. This is part of the draft directive according to the European Parliament. The draft according to the European Commission has no such limit. In this forum, there is no need to explain why rationing is a mistake. In this particular case, rationing would be expensive. Alan mentions a 5% limit on non-ETS flexibility. This is part of the draft directive according to the European Parliament. The draft according to the European Commission has no such limit.

In this forum, there is no need to explain why rationing is a mistake. In this particular case, rationing would be expensive.

]]> By: Richard Tol http://www.irisheconomy.ie/index.php/2009/01/22/the-cost-of-carbon-targets/#comment-393 Richard Tol Thu, 22 Jan 2009 12:38:47 +0000 http://www.irisheconomy.ie/?p=391#comment-393 The EPA projections are based on outdated economic data. These projections are less out of date: http://www.esri.ie/research/research_areas/environment/seminar_the_future_of_ire/isus.ppt €30/tCO2 is the answer you get if you calibrate a simple model to the Commission's impact assessment. See: http://ideas.repec.org/p/esr/wpaper/wp256.html The EPA projections are based on outdated economic data. These projections are less out of date:
http://www.esri.ie/research/research_areas/environment/seminar_the_future_of_ire/isus.ppt

€30/tCO2 is the answer you get if you calibrate a simple model to the Commission’s impact assessment. See:
http://ideas.repec.org/p/esr/wpaper/wp256.html

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