Accelerating emission reduction in Israel: Carbon pricing vs. policy standards

Ruslana Rachel Palatnik; Ayelet Davidovitch; Volker Krey; Nathan Sussman; Keywan Riahi; Matthew Gidden

doi:10.1016/j.esr.2022.101032

Accelerating emission reduction in Israel: Carbon pricing vs. policy standards

Ruslana Rachel Palatnik^*, Ayelet Davidovitch, Volker Krey, Nathan Sussman, Keywan Riahi, Matthew Gidden

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

The implementation of a carbon pricing policy to comply with GHG emission targets faces opposition in small economies. An integrated modeling exercise was carried out for Israel to assess the cost-effectiveness of GHG emission reduction options. Alternative policies in terms of carbon pricing and policy standards are evaluated. The results show that modest carbon pricing is effective. It achieves a 67% reduction in emissions, by 2050 relative to the reference year 2015, while having only a minor impact on economic growth. Policy standards currently proposed by the government will only reach a 40% emissions reduction in the same timeframe. Clean energy standards not coupled with carbon pricing may hinder efficiency but have a lesser impact on income distribution.

Original language	English
Article number	101032
Journal	Energy Strategy Reviews
Volume	45
DOIs	https://doi.org/10.1016/j.esr.2022.101032
State	Published - Jan 2023
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2022 The Authors

Keywords

2050 goals
Carbon emission reduction
Carbon pricing
Green policy standards
Linked bottom-up-top-down modeling
Renewable energy

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.esr.2022.101032

Cite this

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title = "Accelerating emission reduction in Israel: Carbon pricing vs. policy standards",

abstract = "The implementation of a carbon pricing policy to comply with GHG emission targets faces opposition in small economies. An integrated modeling exercise was carried out for Israel to assess the cost-effectiveness of GHG emission reduction options. Alternative policies in terms of carbon pricing and policy standards are evaluated. The results show that modest carbon pricing is effective. It achieves a 67% reduction in emissions, by 2050 relative to the reference year 2015, while having only a minor impact on economic growth. Policy standards currently proposed by the government will only reach a 40% emissions reduction in the same timeframe. Clean energy standards not coupled with carbon pricing may hinder efficiency but have a lesser impact on income distribution.",

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doi = "10.1016/j.esr.2022.101032",

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AU - Davidovitch, Ayelet

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AU - Sussman, Nathan

AU - Riahi, Keywan

AU - Gidden, Matthew

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Accelerating emission reduction in Israel: Carbon pricing vs. policy standards

Abstract

Bibliographical note

Keywords

UN SDGs

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