After the Kyoto agreements the need has arisen to trace the implications of various international environmental strategies. In this paper, we discuss relevant modelling issues of incorporating important environmental policy measures in one of the popular applied general equilibrium models for international trade, the so-called GTAP model. Special attention is paid to an extended version, the GTAP-E model, by addressing the question how to include the widely discussed instruments of International Emission Trading, Joint Implementation, and Clean Development Mechanisms. The paper will be concluded with some policy issues.
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