Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:


CO2 reduction policies in Spain strengthen the services sector

A study by the Basque Center for Climate Change (BC3) has analysed the expected economic impact in Spain of the reduction of greenhouse gases (GHGs) set by the Kyoto Protocol for the period 2008-2012 and for the phase afterwards or post-Kyoto phase. In addition, the services sector will come out on top in comparison to sectors such as industrial or energy sectors.

"CO2 restriction policies in Spain have an impact on the economy, in other words, making it lean more towards an economy of services. The weight of the industry and energy sectors is reduced, and this is due to the fact that there is a change in production and consumption patterns resulting from CO2 which will come at a price", Mikel González-Eguino, author of the study and researcher for BC3 explains to SINC .

The study, which is published in the journal Investigación Económica also indicates that these policies encourage a minor change in consumption patterns. "The creation of a tax on CO2 may cause emissions to reduce, and change the habits related to large-scale energy consumption", states the expert.

The investigation follows an economic analysis model called "general equilibrium", which makes it possible to analyse the effects of global policies such as those for reducing CO2. The research data come from the National Institute of Statistics (INE in Spanish) and from the energy balances of the European Union (EU) statistics agency EUROSTAT.

What are the costs of the emission of GHGs?

The methodology responds to questions such as: What are the general costs of reducing emissions of greenhouse gases (GHGs) for different degrees of reduction of emissions and different speeds of reduction?

"We analyse the targeting (emission reduction objective) and the timing, in other words, the extent to which this objective progresses or is delayed in time", points out the investigator. In this sense, the impact of the timing of CO2 reduction is determined by technological evolution.

"The conclusion is that if technology evolves following the current trend the best option is above all to reduce emissions rather than postpone it in time because the difference in costs is relatively insignificant. However, if technology evolves in a more radical way and in the short-term, for example, with new batteries to produce electric cars that are much cheaper than the current ones or substantial advances arise in renewable energy to replace other technology, it would be more profitable to delay the reduction of emissions.

Policies for reducing emissions in Spain

In the Kyoto Protocol Spain committed to increase its emissions by no more than 15% compared to the levels in 1990. This objective was extended through the National Allocation Plan (2008-2012) to 24% through by counting carbon sinks (2%) and the purchase of credits in the market of rights (7%).

In 2007 emissions exceeded 50% and positioned Spain as one of the European countries furthest from meeting its objectives. Even though this trend started to reverse in 2006 (the economy grew by 4% and emissions fell by 4%), it was the economic crisis (2008-2009) which forced a reduction in emissions.

Bibliographical reference: Mikel González-Eguino, "Economic impact of Post-Kyoto scenarios in Spain" INVESTIGACION ECONOMICA 69 (271): 139 January/March 2010.

SINC | EurekAlert!
Further information:

More articles from Studies and Analyses:

nachricht Rutgers-led innovation could spur faster, cheaper, nano-based manufacturing
14.02.2018 | Rutgers University

nachricht New study from the University of Halle: How climate change alters plant growth
12.01.2018 | Martin-Luther-Universität Halle-Wittenberg

All articles from Studies and Analyses >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Tiny implants for cells are functional in vivo

For the first time, an interdisciplinary team from the University of Basel has succeeded in integrating artificial organelles into the cells of live zebrafish embryos. This innovative approach using artificial organelles as cellular implants offers new potential in treating a range of diseases, as the authors report in an article published in Nature Communications.

In the cells of higher organisms, organelles such as the nucleus or mitochondria perform a range of complex functions necessary for life. In the networks of...

Im Focus: Locomotion control with photopigments

Researchers from Göttingen University discover additional function of opsins

Animal photoreceptors capture light with photopigments. Researchers from the University of Göttingen have now discovered that these photopigments fulfill an...

Im Focus: Surveying the Arctic: Tracking down carbon particles

Researchers embark on aerial campaign over Northeast Greenland

On 15 March, the AWI research aeroplane Polar 5 will depart for Greenland. Concentrating on the furthest northeast region of the island, an international team...

Im Focus: Unique Insights into the Antarctic Ice Shelf System

Data collected on ocean-ice interactions in the little-researched regions of the far south

The world’s second-largest ice shelf was the destination for a Polarstern expedition that ended in Punta Arenas, Chile on 14th March 2018. Oceanographers from...

Im Focus: ILA 2018: Laser alternative to hexavalent chromium coating

At the 2018 ILA Berlin Air Show from April 25–29, the Fraunhofer Institute for Laser Technology ILT is showcasing extreme high-speed Laser Material Deposition (EHLA): A video documents how for metal components that are highly loaded, EHLA has already proved itself as an alternative to hard chrome plating, which is now allowed only under special conditions.

When the EU restricted the use of hexavalent chromium compounds to special applications requiring authorization, the move prompted a rethink in the surface...

All Focus news of the innovation-report >>>



Industry & Economy
Event News

Virtual reality conference comes to Reutlingen

19.03.2018 | Event News

Ultrafast Wireless and Chip Design at the DATE Conference in Dresden

16.03.2018 | Event News

International Tinnitus Conference of the Tinnitus Research Initiative in Regensburg

13.03.2018 | Event News

Latest News

Virtual reality conference comes to Reutlingen

19.03.2018 | Event News

TIB’s Visual Analytics Research Group to develop methods for person detection and visualisation

19.03.2018 | Information Technology

Tiny implants for cells are functional in vivo

19.03.2018 | Interdisciplinary Research

Science & Research
Overview of more VideoLinks >>>