49
Table 5.2 CO 2 reduction (unit: million tons)
NEP
0 ¢
3.6 ¢
5.1 ¢
10 ¢
18.4 ¢
2011
0
17.6
19.8
20.7
23.6
28.5
2012
0
18.5
20.7
21.6
24.6
29.6
2013
0
19.5
21.7
22.6
25.6
30.7
2014
0
20.4
22.7
23.6
26.6
31.7
2015
0
21.4
23.7
24.6
27.6
32.8
2016
0
22.4
24.7
25.6
28.7
33.9
2017
0
23.4
25.7
26.6
29.7
35.0
2018
0
24.4
26.7
27.7
30.8
36.1
2019
0
25.4
27.8
28.8
31.9
37.3
2020
0
26.5
28.9
29.8
33.0
38.4
Table 5.3 Total benefit of the whole world. Unit: million US$
NEP
0 ¢
3.6 ¢
5.1 ¢
10 ¢
18.4 ¢
2011
−5106
289
122
0
−607
−2347
2012
−5649
274
117
0
−585
−2267
2013
−6103
298
125
0
−615
−2368
2014
−6483
345
139
0
−668
−2531
2015
−6843
397
155
0
−724
−2698
2016
−7251
442
169
0
−772
−2837
2017
−7674
488
183
0
−821
−2985
2018
−8100
537
198
0
−875
−3145
2019
−8532
590
215
0
−932
−3312
2020
−8973
645
231
0
−990
−3483
Table 5.4 Minimum value of CO 2 reduction required to make the scenario the global optimum.
Unit: US$/ton
NEP
3.6 ¢
5.1 ¢
10 ¢
18.4 ¢
2011
–
77.2
94.4
149.8
241.3
2012
–
71.7
88.4
141.9
230.0
2013
–
78.4
95.2
149.2
238.3
2014
–
91.9
108.9
163.8
254.5
2015
–
107.2
124.4
179.8
271.5
2016
–
119.7
137.0
192.7
284.9
2017
–
132.5
149.9
205.9
298.8
2018
–
146.1
163.7
220.2
313.9
2019
–
160.4
178.1
235.0
329.5
2020
–
175.0
192.8
250.2
345.4
Average
–
116.9
134.2
189.8
281.9
5 Welfare Effects of the US Corn-Bioethanol Policy