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The Economics of Carbon Abatement: An Integrated Diagrammatic Framework

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  • Ross Guest

Abstract

The aim of this article is to present the economics of carbon abatement in an integrated framework with application to key policy questions. While the core ideas are well known, the innovation here is to integrate the marginal costs and benefits of carbon abatement with the market for carbon permits in a diagrammatic framework. This framework is then used to analyse a range of issues in the public debate about carbon abatement and carbon trading schemes, such as special assistance for certain industries, tax concessions on particular carbon‐intensive goods such as petrol, government subsidies for renewable energy, and the effects of uncertainty and technological change.

Suggested Citation

  • Ross Guest, 2009. "The Economics of Carbon Abatement: An Integrated Diagrammatic Framework," Economic Papers, The Economic Society of Australia, vol. 28(2), pages 93-101, June.
    • Handle: RePEc:bla:econpa:v:28:y:2009:i:2:p:93-101
    DOI: 10.1111/j.1759-3441.2009.00023.x
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    References listed on IDEAS

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    1. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801.
    2. David W. Weber, 2002. "Pollution Permits: A Discussion of Fundamentals," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(3), pages 277-290, September.
    3. Garnaut,Ross, 2008. "The Garnaut Climate Change Review," Cambridge Books, Cambridge University Press, number 9780521744447.
    4. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39, pages 137-137.
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    Cited by:

    1. John Freebairn, 2016. "A Comparison of Policy Instruments to Reduce Greenhouse Gas Emissions," Economic Papers, The Economic Society of Australia, vol. 35(3), pages 204-215, September.

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