Capros P., T. Georgakopoulos, L. Mantzos, (1998) "Economic and energy system implications of the European CO2 mitigation strategy for 2010: a model-based analysis", Int. J. of Environment and Pollution, Vol. 10, Nos 3/4, Inderscience Enterprises, Geneva
Since the decision of the Council of Ministers of the EU member states (3.3.1997) specifying a decrease of green house gas emissions by 15% in 2010 compared to the 1990, there has been a widespread study of the appropriate policy instruments and the costs associated with this goal. The task of meeting the emission reduction targets should not be underestimated. Reducing CO2 emissions for the EU as a whole over the next 15 years would amount to no less than breaking the historical link between economic growth and energy use. Especially in the short term the problem of stranded costs is important. The paper attempts a synthesis of results coming from several new generation models developed recently and examines the economic and energy system implications of both short-term policies and measures for emission reduction as well as long-term technology options.
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