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Regrets or No Regrets -- That is the Question: Is Conservation an Costless CO2 Mitigation Strategy?

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  • Adam Rose
  • Shih-Mo Lin

Abstract

Based on sectoral, or partial equilibrium, analyses, energy conservation has been offered as a "no regrets" CO2 mitigation strategy. Ours is the first study to isolate key features of conservation strategies in a general equilibrium context. The results indicate that conservation would have slightly negative! effects on the U.S. economy overall, in addition to sizable negative effects on most energy industries. Thus, while conservation may be a worthy CO2 mitigation strategy, it should not be oversold as costless.

Suggested Citation

  • Adam Rose & Shih-Mo Lin, 1995. "Regrets or No Regrets -- That is the Question: Is Conservation an Costless CO2 Mitigation Strategy?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 67-88.
  • Handle: RePEc:aen:journl:1995v16-03-a03
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    References listed on IDEAS

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    1. Fama, Eugene F & French, Kenneth R, 1988. " Business Cycles and the Behavior of Metals Prices," Journal of Finance, American Finance Association, vol. 43(5), pages 1075-1093, December.
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    Citations

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    Cited by:

    1. Rose, Adam & Benavides, Juan & Lim, Dongsoon & Frias, Oscar, 1996. "Global warming policy, energy, and the Chinese economy," Resource and Energy Economics, Elsevier, vol. 18(1), pages 31-63, March.
    2. Barron, Eric & Chapman, Duane & Khanna, Neha & Rose, Adam Z. & Schultz, Peter A. & Kasting, James F., 1996. "Penn State -Cornell Integrated Assessment Model," Working Papers 127929, Cornell University, Department of Applied Economics and Management.
    3. Pezzey, John C.V., 2001. "Distributing the Value of a Country’s Tradeable Carbon Permits," 2001 Conference (45th), January 23-25, 2001, Adelaide 125832, Australian Agricultural and Resource Economics Society.
    4. Timilsina, Govinda R., 2007. "The role of revenue recycling schemes in environmental tax selection : a general equilibrium analysis," Policy Research Working Paper Series 4388, The World Bank.
    5. Kamat, Rajnish & Rose, Adam & Abler, David, 1999. "The impact of a carbon tax on the Susquehanna River Basin economy," Energy Economics, Elsevier, vol. 21(4), pages 363-384, August.
    6. Govinda Timilsina & Ram Shrestha, 2002. "General equilibrium analysis of economic and environmental effects of carbon tax in a developing country: case of Thailand," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 5(3), pages 179-211, September.
    7. Rutger Hoekstra & Jeroen van den Bergh, 2002. "Structural Decomposition Analysis of Physical Flows in the Economy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 23(3), pages 357-378, November.
    8. Weyant, John P, 1996. "The IPCC energy assessment," Energy Policy, Elsevier, vol. 24(10-11), pages 1005-1008.

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    JEL classification:

    • F0 - International Economics - - General

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