Abstract
This paper assesses energy security in three long-term energy scenarios (business as usual development, a projection of Copenhagen commitments, and a 450 ppm stabilization scenario) as modeled in six integrated assessment models: GCAM, IMAGE, MESSAGE, ReMIND, TIAM-ECN and WITCH. We systematically evaluate long-term vulnerabilities of vital energy systems of four major economies: China, the European Union (E.U.), India and the U.S., as expressed by several characteristics of energy trade, resource extraction, and diversity of energy options. Our results show that climate policies are likely to lead to significantly lower global energy trade and reduce energy imports of major economies, decrease the rate of resource depletion, and increase the diversity of energy options. China, India and the E.U. would derive particularly strong benefits from climate policies, whereas the U.S. may forego some opportunities to export fossil fuels in the second half of the century.
Original language | English |
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Article number | 1340011 |
Journal | Climate Change Economics |
Volume | 4 |
Issue number | 4 |
DOIs | |
State | Published - Nov 1 2013 |
Externally published | Yes |
Funding
The research leading to these results has received funding from the European Union Seventh Framework Programme FP7/2007-2013 under grant agreement No. 282846 (LIMITS).
Funders | Funder number |
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European Union Seventh Framework Programme FP7/2007 | |
Seventh Framework Programme | 282846 |
Seventh Framework Programme |
Keywords
- Energy security
- climate change
- energy scenarios
- major economies