Chapter 7: Targeted technology strategies for low-carbon economic growth: linking bottom-up and top-down assessments
Restricted access

This chapter investigates the consequences of policies that attempt to mitigate greenhouse gas emissions without slowing the growth of the economy by improving energy efficiency in a set of target sectors. A theoretical framework is developed that unifies bottom-up marginal abatement cost curves, partial equilibrium techno-economic simulations, and analytical general equilibrium modeling. The framework is then applied to engineering assessments of energy efficiency technology deployments in Armenia and Georgia. The results provide a practical demonstration of how to incorporate bottom-up technology detail on energy-efficiency improvements into an economic model that is simple and easily calibrated, but whose simulations throw into sharp relief the economy-wide opportunity costs and environmental benefits of technology deployment policies. The latter reveal how MAC curves can paint a misleading picture of the true potential for both abatement and economic growth when technological improvements operate within a system of general equilibrium interactions, but also highlight how the use of their underlying data to identify technology options with large investment elasticities of productivity improvement can lead to more accurate assessments of the economic consequences of low-carbon growth strategies.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account
Edited by Roger Fouquet
Handbook