Work

Realizing Canada's Decarbonization Commitments using an Integrated Assessment Model

Year: 2024

Type: conference-paper

Abstract: Canada's role in global climate policy is crucial due to its significant oil and gas sectors. This study, using the MESSAGEix-Canada Integrated Assessment Model, analyzes the impact of provincial and federal policies. Results show energy system costs ranging from 5-20% of provincial GDP, with policy implementation adding 15-40%. Achieving net-zero emissions by 2050 in the oil and gas sector will cost an additional 15% of GDP. The study highlights the importance of hydrogen and innovative technologies, like CCUS and how this impacts the outcomes of the overall decarbonization landscape.

Source: IIASA PURE (International Institute of Applied Systems Analysis)

DOI: 10.5281/zenodo.14234662

Authors: Awais, Muhammad, Saedi, Yalda, McPherson, Madeleine

Institution: International Institute for Applied Systems Analysis

Language: English

Topic: Climate Change Policy and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Climate action, Affordable and clean energy, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W6893029634