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The Costs of Policies to Reduce Global Emissions of CO2: Initial Simulation Results with GREEN

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Author Info
Jean-Marc Burniaux
John P. Martin
Giuseppe Nicoletti
Joaquim Oliveira Martins ()

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Abstract

The OECD Secretariat has developed a multi-region, multi-sector. dynamic general equilibrium model to quantify the economy-wide and global costs of policies to curb emissions of carbon dioxide (CO2). The project is called the GeneRal Equilibrium ENvironmental model, hereafter referred to as GREEN. The purpose of this paper is to outline the main features of GREEN in a non-technical fashion and to present some preliminary results from three scenarios of alternative international agreements to cut CO2 emissions. The paper also sets out a range of options for possible extensions to the model, with the explicit aim of improving its policy relevance ...


Cette étude porte sur la "ventilation" des variations de la croissance du revenu nominal entre la croissance réelle et l'inflation. Elle présente une analyse descriptive des données de la période d'après-guerre ainsi qu'une analyse par régression qui postule l'existence d'une ventilation dynamique stable. Cette analyse a été effectuée pour tous les pays Membres de l'OCDE. On admet en général que les pouvoirs publics ont la possibilité de maîtriser l'évolution du revenu nominal encore que l'étude présente également quelques données relatives aux rapports entre l'inflation et la croissance du revenu nominal et de la masse monétaire. On examine aussi le rôle des anticipations et de l'incertitude et leurs rapports avec l'action des pouvoirs publics ...

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Paper provided by OECD Economics Department in its series OECD Economics Department Working Papers with number 103.

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Date of creation: Jun 1991
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Handle: RePEc:oec:ecoaaa:103-en

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  1. Knut Alfsen & Hugo Birkelund & Morten Aaserud, 1995. "Impacts of an EC carbon/energy tax and deregulating thermal power supply on CO2, SO2 and NOx emissions," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(2), pages 165-189, March. [Downloadable!] (restricted)
  2. Fischer, Carolyn & Morgenstern, Richard, 2003. "Carbon Abatement Costs: Why the Wide Range of Estimates?," Discussion Papers dp-03-42-rev, Resources For the Future. [Downloadable!]
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