THE MACROECONOMIC CONSEQUENCES OF CONTROLLING ENERGY RELATED CARBON DIOXIDE EMISSIONS

Abstract

It was studied the macroeconomic consequences of controlling energy related carbon dioxide emissions..  The aims of this study is to modify a model by combining "top-down macroeconomic model" with "bottom-up model" to stabilize carbon dioxide emissions in the atmosphere with apply energy-efficiency technology to minimize carbon dioxide production. The parameters measured are carbon energy demand.  The results showed that the energy-efficiency technology is a sufficient method to reduce carbon emissions, namely energy-related carbon dioxide emissions grew at 5.8% per year over 1976-1990 and, in future, it will from grow at 4.8% and 2.9% per year for the high and low base cases respectively.