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As part of the Copenhagen Accord, individual countries have submitted greenhouse gas reduction proposals for the year 2020. This paper analyses the implications for emission reductions, the carbon price, and abatement costs of these submissions. The submissions of the Annex I (industrialised) countries are estimated to lead to a total reduction target of 12-18% below 1990 levels. The submissions of the seven major emerging economies are estimated to lead to an 11-14% reduction below baseline emissions, depending on international (financial) support. Global abatement costs in 2020 are estimated at about USD 60-100 billion, assuming that at least two-thirds of Annex I emission reduction targets need to be achieved domestically. The largest share of these costs are incurred by Annex I countries, although the costs as share of GDP are similar for Annex I as a group and the seven emerging economies as a group, even when assuming substantial international transfers from Annex I countries to the emerging economies to finance their abatement costs. If the restriction of achieving two-thirds of the emission reduction target domestically is abandoned, it would more than double the international carbon price and at the same time reduce global abatement costs by almost 25%.

The increasing depletion of natural resources, combined with a wider set of pressures on the environment, has, in recent years, highlighted the need for a more efficient use of energy and a development process that involves alternative energy sources. Energy efficiency has received much attention as a solution, implying both monetary and emissions savings. However, the latter may be partially offset by the income and demand effects of the former, both in more efficient sectors and in spreading to the wider economy. This is the problem of rebound effects. Taking Spain as a case study, and introducing an energy-related CGE model that develops the inclusion of renewables, this paper evaluates a combination of efficiency initiatives to deliver both reduced energy use by households and a more sustainable supply of energy. Our findings suggest that a package aimed at improving efficiency in household electricity and petroleum use, combined with a more competitive supply of energy from renewable sources, may be the only way to get reductions in all energy use, and thus benefit the economy. Specifically, we consider how this package may lead to positive economic impacts and associated rebound effects, where the latter are focused on a greener energy supply.

This research studied the impacts of the environmental Kuznets curve and the determinants of economic growth for Visegrad countries from 1990 to 2018. This paper reflects on the effects of renewable and non-renewable energy, urban population, foreign direct investment, economic growth, and carbon dioxide emissions. According to our results, the panel of unit root tests showed that the variables under study are integrated into the first differences. Considering the empirical results for the environmental Kuznets curve, we observe that economic growth is positively correlated with pollution emissions; nevertheless, the squared income per capita is negatively impacted by carbon dioxide emissions. Energy consumption increases carbon emissions, and foreign direct investment confirms the pollution halo hypothesis. Therefore, the econometric results showed that renewable energy consumption promotes regional growth. Consequently, urban population and foreign direct investment positively correlate with economic growth.

Abstract Given the need to reduce the CO2 emissions coming from the manufacturing sector, it is important, for planning purposes, to know which countries and which manufacturing sub-sectors have the greatest potential for reducing energy use. Using data from the International Atomic Energy Agency and the United Nations Industrial Development Organization, the authors estimate trends in global decoupling of energy use and manufacturing value added, compare energy-use intensity in six country groups and estimate the potential for reducing energy use and CO2 emissions under two scenarios and compare selected sub-sector energy intensity and estimate the potential for reducing energy use CO2 emissions. The comparison of energy intensities across country groups and among countries suggests that there still remains significant potential to reduce energy use and associated CO2 emissions. The analysis of four sub-sectors in developing and transition economies also shows similar but varied potential for reducing energy use and associated CO2 emissions.

SummaryThe German government has adopted a law that requires sewage plants to go beyond the recovery of phosphorus from wastewater and to promote recycling. We argue that there is no physical global short‐ or mid‐term phosphorus scarcity. However, we also argue that there are legitimate reasons for policies such as those of Germany, including: precaution as a way to ensure future generations’ long‐term supply security, promotion of technologies for closed‐loop economics in a promising stage of technology development, and decrease in the current supply risk with a new resource pool.

Abstract Rare earth permanent magnets are important components for modern (energy) technologies and are employed to reduce GHG emissions and combat climate change. The process of extracting these minerals from the ore has contentious economic, environmental and social implications. While the environmental impacts of their production have already been analyzed in several studies, the economic and the social perspective is still under-researched. The Social Life Cycle Assessment (S-LCA) approach employed in the present research explores whether there is a difference in social risks for rare earth permanent magnet production from three different rare earth ore production locations and the associated value chains. While one is located completely in China, another is composed of processes in Australia and Malaysia. The third process chain combines processes in the United States and Japan. The Product Social Impact Life Cycle Assessment (PSILCA) 2.0 database is used to assess the social implications. The analysis focuses on value chain actors, a stakeholder group of great interest to businesses but often underrepresented in S-LCA research. The impact categories describing this stakeholder group pertain to issues of social responsibility along the value chain, fair competition and corruption. Overall, the US value chain indicates the lowest level of social risk along the supply chain. However, in order to gain a deeper understanding of the social risks a sectoral and geographical analysis is conducted. Across all three cases, the mineral, fossil fuel and chemical sectors are shown to be problematic.

Abstract Energy efficiency improvement will reduce the effective price of energy services, and hence at least partially mitigate original expected energy conservation. Therefore, the magnitude of rebound effect is important for the design and timing of an effective energy conservation policy. Under the framework of translog cost share equations, we estimates the direct rebound effect for heavy industry in China for the first time by conducting an empirical research on the relationship between the direct rebound effect and the ease with which energy services can substitute for other inputs. Additionally, asymmetric price responses are specified in the model for the rebound effect estimation. Empirical results in our paper indicate that the rebound effect for heavy industry in China is about 74.3%. This reveals that energy efficiency improvement can save energy to a certain degree since the rebound effect is less than 100% (“back-fire”), but most of the expected reduction in heavy industry energy consumption is mitigated. These findings prove that energy pricing reforms and energy taxes should be further implemented to achieve effective energy conservation in China’s 12th Five Years Plan.

Background. Laws that enable a circular economy (CE) are being enacted globally, but reliable standardized and digitized CE data about products is scarce, and many CE platforms have differing exclusive formats. In response to these challenges, the Ministry of The Economy of Luxembourg launched the Circularity Dataset Standardization Initiative to develop a globalized open-source industry standard to allow the exchange of standardized data throughout the supply cycle, based on these objectives: (a) Provide basic product circularity data about products. (b) Improve circularity data sharing efficiency. (c) Encourage improved product circularity performance. A policy objective was to have the International Organization for Standardization (ISO) voted to create a working group. Methods. A state-of-play analysis was performed concurrently with consultations with industry, auditors, data experts, and data aggregation platforms. Results. Problem statements were generated. Based on those, a solution called Product Circularity Data Sheet (PCDS) was formulated. A proof of concept (POC) template and guidance were developed and piloted with manufacturers and platforms, thus fulfilling objective (a). For objective (b), IT ecosystem requirements were developed, and aspects are being piloted in third party aggregation platforms. Objective (c) awaits implementation of the IT ecosystem. The policy objective related to the ISO was met. Conclusions and future research. In order to fully test the PCDS, it is necessary to: conduct more pilots, define governance, and establish auditing and authentication procedures.

Following the impressive economic achievements in the past decades, China is faced with energy and environmental challenges. To carry out more effective and targeted energy policies, the heterogeneities of different industrial sectors are of great importance. The energy consumption of China’s light industry in 2012 was 316 million tons of coal equivalents, which is about the energy consumption of South Korea. The paper explored the substitution relationships between various input factors and fuel sources, and showed that electricity price reform is crucial for energy conservation in China’s light industry. Then, the dynamics of energy intensity change is examined by decomposing energy intensity into budget effect, substitution effect, output effect and technology advance effect. The result revealed that the substitution effect between input factors is a key driving force. However, technology progress seems to contribute very little. For future energy policy alternatives, promoting the implementation of new conservation technology and electricity price reform may be effective measures.