Valuing Tradable CO2 Permits for OECD Countries
AbstractWe estimate a structural model of OECD countries in which GDP and CO2 emissions are endogenous. We use the estimated model to simulate the price of tradable CO2 permits and the efficiency gains from trade. Our estimated prices are high, relative to previous estimates, and the efficiency gains are substantial. We also find, contrary to previous literature, that higher income is associated with reduced emissions.
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Bibliographic InfoPaper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 1999.31.
Date of creation: Mar 1999
Date of revision:
Tradable permits; Greenhouse gases; Carbon reductions; Environmental Kuznets curve;
Other versions of this item:
- Karp, Larry & Liu, Xuemei, 1999. "Valuing Tradeable CO2 Permits for OECD Countries," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5dv5c8hr, Department of Agricultural & Resource Economics, UC Berkeley.
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
This paper has been announced in the following NEP Reports:
- NEP-ACC-2004-09-12 (Accounting & Auditing)
- NEP-ALL-1999-06-08 (All new papers)
- NEP-ENE-1999-06-08 (Energy Economics)
- NEP-ENV-1999-06-08 (Environmental Economics)
- NEP-PBE-1999-06-08 (Public Economics)
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