Cost-effectiveness analysis: the key for the identification of efficient response strategies to the climate issue : conceptual approach and modelling tools

Abstract

Any reduction of greenhouse gases, particularly of carbon dioxid, to climatologically acceptable levels implies fundamental structural changes within the energy system. In the wake of drastic environment driven changes the need for effective and economically viable control strategies is evident. The paper argues that "cost-effectiveness analysis" is the appropriate point of departure for the identification of efficient response strategies. The approach and available analytical tools are outlined and the limitations are discussed. Preliminary results of a case study for the F.R.G. are presented.