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Carmen Bunzl - Universidad Pontificia Comillas

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Chapter 4. Case Study: Spain 200<br />

% reduction compared to baseline-level<br />

0<br />

-10<br />

-20<br />

-30<br />

-40<br />

-50<br />

-60<br />

EU 20% EU 30%<br />

Per capita convergence<br />

Multi-criteria<br />

Ability to pay<br />

Triptych<br />

Equal costs<br />

Figure 4 - 17. Emission allowances compared to baseline levels for 2020 for Spain under the ‘EU 20%<br />

unilateral (with or without CDM)’and the ‘EU 30% in a multilateral regime’scenarios.<br />

The Grandfathering approach 1 leads to the highest reductions compared to<br />

baseline levels for Spain – twice as much as the EU average; this is because<br />

Spain had growth targets under the Kyoto Protocol compared to 1990 levels.<br />

The Ability to pay approach leads to the highest reductions (apart from the<br />

Grandfathering approach) for Spain. Although not yet among the richest<br />

countries, Spain has experienced a great economic growth during the last years<br />

and its GDP per capita is much higher than Eastern Europe countries, which<br />

would be allocated even an excess of emissions under such an approach.<br />

The Per capita convergence approach, as one might expect, favors the<br />

countries with low per capita emissions. Spain’s GHG emissions per capita are<br />

around the EU average, therefore leading to an average reduction effort.<br />

The Multi-criteria approach leads to high reduction targets for Spain due to<br />

its relatively high emission intensity.<br />

1 The Grandfathering approach is not shown here due to reporting reasons, but it would lead to a 20% and 30%<br />

GHG emission reduction compared to 1990 levels (-48% and –55% compared to baseline) in the ‘EU 20% (with or<br />

without CDM)’and the ‘EU 30%’ scenarios respectively.<br />

Escuela Técnica Superior de Ingeniería ICAI <strong>Carmen</strong> <strong>Bunzl</strong> Boulet Junio 2008

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