Identifying strategies for mitigating the global warming impact of the EU-25 economy using a multi-objective input–output approach

Global warming mitigation has recently become a priority worldwide. A large body of literature dealing with energy related problems has focused on reducing greenhouse gases emissions at an engineering scale. In contrast, the minimization of climate change at a wider macroeconomic level has so far re...

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Vydáno v:	Energy policy Ročník 77; s. 21 - 30
Hlavní autoři:	Cortés-Borda, D., Ruiz-Hernández, A., Guillén-Gosálbez, G., Llop, M., Guimerà, R., Sales-Pardo, M.
Médium:	Journal Article
Jazyk:	angličtina
Vydáno:	Kidlington Elsevier Ltd 01.02.2015 Elsevier Science Ltd
Témata:	Air pollution Carbon dioxide Carbon dioxide emissions Climate change Climate change mitigation Eastern Europe Economic sectors Economic theory Economics Emissions control energy Energy policy Engineering Environment Environmental economics Europe European Union Global warming Global warming potential Greenhouse effect greenhouse gas emissions Greenhouse gases Input output Input output analysis Life cycle analysis life cycle assessment Life cycles Linear programming Macroeconomics Mathematical models Minimization Mitigation Multi-objective optimization Pareto optimal Policies Policy making Pollution control Public policy Studies Western Europe Europe Global warming potential Multi-objective optimization Input–output analysis Pareto optimal
ISSN:	0301-4215, 1873-6777
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Shrnutí:	Global warming mitigation has recently become a priority worldwide. A large body of literature dealing with energy related problems has focused on reducing greenhouse gases emissions at an engineering scale. In contrast, the minimization of climate change at a wider macroeconomic level has so far received much less attention. We investigate here how to mitigate global warming by performing changes in an economy. To this end, we make use of a systematic tool that combines three methods: linear programming, environmentally extended input output models, and life cycle assessment principles. The problem of identifying key economic sectors that contribute significantly to global warming is posed in mathematical terms as a bi-criteria linear program that seeks to optimize simultaneously the total economic output and the total life cycle CO2 emissions. We have applied this approach to the European Union economy, finding that significant reductions in global warming potential can be attained by regulating specific economic sectors. Our tool is intended to aid policy makers in the design of more effective public policies for achieving the environmental and economic targets sought. •We minimize climate change by performing small changes in the consumption habits.•We propose a tool that combines multiobjective optimization and macroeconomic models.•Identifying key sectors allows improving the environmental performance significantly with little impact to the economy.•Significant reductions in global warming potential are attained by regulating sectors.•Our tool aids policy makers in the design of effective sustainability policies.
Bibliografie:	SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 14 ObjectType-Article-1 ObjectType-Feature-2 content type line 23
ISSN:	0301-4215 1873-6777
DOI:	10.1016/j.enpol.2014.11.020