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Global CO2 Emission Reductions - the Impacts of Rising Energy Costs

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  • Alan S. Manne
  • Richard G. Richels

Abstract

In this paper, we explore how the costs of a CO2 limit are likely to vary among regions. The analysis is based on Global 2100: an analytical framework for estimating the economy-wide impacts of rising energy costs. We investigate how emissions are likely to evolve in the absence of a carbon limit, and how the regional pattern is likely to shift during the nest century. We then examine alternative strategies to limit global emissions, calculate the impacts of higher energy costs upon conventionally measured GDP, and indicate the size of the carbon tax that would be required to induce individual consumers to reduce their dependence on carbon-intensive fuels.

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Bibliographic Info

Article provided by International Association for Energy Economics in its journal The Energy Journal.

Volume (Year): Volume 12 (1991)
Issue (Month): Number 1 ()
Pages: 87-108

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Handle: RePEc:aen:journl:1991v12-01-a06

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Cited by:
  1. Wirl, Franz & Dockner, Engelbert, 1995. "Leviathan governments and carbon taxes: Costs and potential benefits," European Economic Review, Elsevier, vol. 39(6), pages 1215-1236, June.
  2. Ekins, Paul, 1996. "How large a carbon tax is justified by the secondary benefits of CO2 abatement?," Resource and Energy Economics, Elsevier, vol. 18(2), pages 161-187, June.
  3. Matsuoka, Yuzuru & Kainuma, Mikiko & Morita, Tsuneyuki, 1995. "Scenario analysis of global warming using the Asian Pacific Integrated Model (AIM)," Energy Policy, Elsevier, vol. 23(4-5), pages 357-371.
  4. Conrad, Klaus, 1999. "An econometric model of production with endogenous improvement in energy efficiency, 1970-1995," Discussion Papers 563, Institut fuer Volkswirtschaftslehre und Statistik, Abteilung fuer Volkswirtschaftslehre.
  5. C.H. Rosa, 1994. "Pathways of Economic Development in an Uncertain Environment: A Finite Scenario Approach to the U.S. Region Under Carbon Emission Restrictions," Working Papers wp94041, International Institute for Applied Systems Analysis.
  6. Conrad, Klaus & Schmidt, Tobias F. N., 1995. "National economic impacts of an EU environmental policy: an applied general equilibrium analysis," ZEW Discussion Papers 95-22, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  7. Aasness, Jorgen & Bye, Torstein & Mysen, Hans Terje, 1996. "Welfare effects of emission taxes in Norway," Energy Economics, Elsevier, vol. 18(4), pages 335-346, October.
  8. Shukla, P. R., 1995. "Greenhouse gas models and abatement costs for developing nations : A critical assessment," Energy Policy, Elsevier, vol. 23(8), pages 677-687, August.
  9. Nordhaus, William, 2013. "Integrated Economic and Climate Modeling," Handbook of Computable General Equilibrium Modeling, Elsevier.
  10. Alan S. Manne, 1991. "Global 2100: An Almost Consistent Model of CO2 Emission Limits," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 127(II), pages 181-197, June.
  11. Christiane Kurtze & Katrin Springer, 1999. "Modelling the Economic Impact of Global Warming in a General Equilibrium Framework," Kiel Working Papers 922, Kiel Institute for the World Economy.
  12. Zhang, ZhongXiang & Baranzini, Andrea, 2004. "What do we know about carbon taxes? An inquiry into their impacts on competitiveness and distribution of income," Energy Policy, Elsevier, vol. 32(4), pages 507-518, March.
  13. C.H. Rosa & A. Ruszczynski, 1994. "On Augmented Lagrangian Decomposition Methods for Multistage Stochastic Programs," Working Papers wp94125, International Institute for Applied Systems Analysis.
  14. Jackson, Tim, 1995. "Joint implementation and cost-effectiveness under the Framework Convention on Climate Change," Energy Policy, Elsevier, vol. 23(2), pages 117-138, February.
  15. Rotillon, Gilles & Tazdait, Tarik & Zeghni, Sylvain, 1996. "Bilateral or multilateral bargaining in the face of global environmental change?," Ecological Economics, Elsevier, vol. 18(2), pages 177-187, August.
  16. Spash, Clive L. & Hanley, Nick, 1994. "Cost-benefit analysis and the greenhouse effect," MPRA Paper 38666, University Library of Munich, Germany.
  17. Steve Sorrell, 2014. "Energy Substitution, Technical Change and Rebound Effects," Energies, MDPI, Open Access Journal, vol. 7(5), pages 2850-2873, April.

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