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The international economics of resources and resource ... - Index of

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336 F. Beckenbach, R. Briegel<br />

change emission coeff. %<br />

Fig. 10 Incremental dynamic abatement regime<br />

stagnation <strong>of</strong> the emissions (cf. Fig. 11, lower part). Hence, it can be concluded<br />

that this incremental dynamic abatement regime is inappropriate for meeting<br />

emission reducing targets. <strong>The</strong>refore it seems necessary to take more radical<br />

dynamic abatement regimes into account. Because the firms need at least more<br />

time for conforming to this more ambitious target the regulatory time span has to<br />

be longer than in the case <strong>of</strong> incremental dynamic abatement.<br />

In the second regulatory regime the obligation for innovating firms is<br />

to reduce the change factor <strong>of</strong> emission coefficient by 15% every 40 time<br />

Fig. 11 Growth dynamics with incremental dynamic abatement regime<br />

time

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