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Controlling Greenhouse Gases: A Survey of Global Macroeconomic Studies

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  • Clarke, Rosemary
  • Boero, Gianna
  • Winters, L Alan

Abstract

A conceptual framework which identifies the main determinants of the macroeconomic costs of abating greenhouse gases is developed. This is used to survey long-term quantitative studies of abatement, especially their modelling approaches and choices of key parameters. These studies suggest that each 20% abatement below business-as-usual emissions is likely to cost approximately 1% of gross world product. Copyright 1996 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Suggested Citation

  • Clarke, Rosemary & Boero, Gianna & Winters, L Alan, 1996. "Controlling Greenhouse Gases: A Survey of Global Macroeconomic Studies," Bulletin of Economic Research, Wiley Blackwell, vol. 48(4), pages 269-308, October.
    • Handle: RePEc:bla:buecrs:v:48:y:1996:i:4:p:269-308
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    Cited by:

    1. Edwards, T. Huw & Hutton, John P., 1999. "The Allocation of Carbon Permits within One Country : A General Equilibrium Analysis of the United Kingdom," The Warwick Economics Research Paper Series (TWERPS) 540, University of Warwick, Department of Economics.
    2. John P. Weyant, 1993. "Costs of Reducing Global Carbon Emissions," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 27-46, Fall.
    3. Edwards, T. Huw. & Hutton, John P., 2001. "Allocation of carbon permits within a country: a general equilibrium analysis of the United Kingdom," Energy Economics, Elsevier, vol. 23(4), pages 371-386, July.
    4. García Fernández, Cristina, 2006. "Cost-benefit Analysis and the Difficulty of Applying it to Climate Change/El análisis coste-beneficio y la dificultad de su aplicación al cambio climático," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 24, pages 639(12á)-63, Agosto.
    5. Xavier Labandeira & Miguel Rodríguez, 2004. "The effects of a sudden CO2 reduction in Spain," Working Papers 0408, Universidade de Vigo, Departamento de Economía Aplicada.

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