The Potential Effects of International Carbon Emissions Permit Trading Under the Kyoto Protocol
AbstractWe use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of the tradable emissions permit system proposed in the 1997 Kyoto protocol, under various assumptions about that extent of international permit trading. We focus, in particular, on the effects of the system on international trade and capital flows. Our results suggest that consideration of these flows significantly affects estimates of the domestic effects of the emissions mitigation policy, compared with analyses that ignore international capital flows.
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Bibliographic InfoPaper provided by Australian National University, Economics and Environment Network in its series Economics and Environment Network Working Papers with number 9805.
Length: 45 pages
Date of creation: Oct 1998
Date of revision:
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Web page: http://een.anu.edu.au/
tradable permits; international capital flows; policy;
Find related papers by JEL classification:
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
- F30 - International Economics - - International Finance - - - General
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
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