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Welfare Gains under Tradeable CO2 Permits

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Author Info
Larry Karp (University of California, Berkeley and Giannini Foundation)
Xuemei Liu (University of California, Berkeley)

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Abstract

Most environmentalists favor the reduction in CO2 emissions but oppose international trade in emissions permits Although economic theory provides a strong case in favor of trade in permits) there is little empirical evidence of the size of potential benefits. We estimate the benefits of this trade for OECD countries.

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Publisher Info
Paper provided by Department of Agricultural & Resource Economics, UC Berkeley in its series Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series with number 897.

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Date of creation: 01 Jul 1999
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Handle: RePEc:cdl:agrebk:897

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Related research
Keywords: tradeable permits; greenhouse gasses; carbon reductions;

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  1. Christoph Böhringer & Heinz Welsch, 2006. "Burden sharing in a greenhouse: egalitarianism and sovereignty reconciled," Applied Economics, Taylor and Francis Journals, vol. 38(9), pages 981-996, May. [Downloadable!] (restricted)
Statistics
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This page was last updated on 2009-12-23.

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