IDEAS home Printed from https://ideas.repec.org/a/ifs/fistud/v15y1994i3p1-18.html
   My bibliography  Save this article

Achieving the Rio target: CO2 abatement through fiscal policy in the UK

Author

Listed:
  • Terry Barker
  • Susan Baylis
  • Clare Bryden

Abstract

The research reported in this paper is an application of a large energy-environment-economy model2 of the UK to the medium-term issue of stabilising carbon dioxide (CO2) emissions at their 1990 levels by the year 2000, a commitment by the UK government made at the Earth Summit in Rio de Janeiro and taking the form of accession to the Climate Change Convention (the Rio Convention) in June 1992. This commitment has crystallised into a target of reducing emissions in the year 2000 by the equivalent of 10 million tonnes of carbon (mtc) below the level they would otherwise reach under a business-as-usual scenario (Department of the Environment, 1992, 1993 and 1994). Since there is considerable uncertainty in forecasting the level of CO2 emissions in 2000 (157-179 mtc compared with 160 mtc in 1990 — Department of the Environment (1992, p. 7); the 1990 figure has subsequently been revised to 158.6 mtc), it seems sensible to focus on such a target, rather than on achieving a particular level.

Suggested Citation

  • Terry Barker & Susan Baylis & Clare Bryden, 1994. "Achieving the Rio target: CO2 abatement through fiscal policy in the UK," Fiscal Studies, Institute for Fiscal Studies, vol. 15(3), pages 1-18, August.
    • Handle: RePEc:ifs:fistud:v:15:y:1994:i:3:p:1-18
    as

    Download full text from publisher

    File URL: http://www.ifs.org.uk/fs/articles/fsbarkeretal.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anne Brendemoen & Haakon Vennemo, 1994. "A Climate Treaty and the Norwegian Economy: A CGE Assessment," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 77-93.
    2. Helm, Dieter & Kay, John & Thompson, David (ed.), 1989. "The Market for Energy," OUP Catalogue, Oxford University Press, number 9780198286080.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bodil Larsen, 1997. "Economic impacts of reducing NO x emissions in Norway," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 9(1), pages 125-132, January.
    2. Terry Barker & Nick Johnstone, 1993. "Equity and Efficiencyin Policies to Reduce Carbon Emissions in The Domestic Sector," Energy & Environment, , vol. 4(4), pages 335-361, December.
    3. Milan Ščasný & Emanuele Massetti & Jan Melichar & Samuel Carrara, 2015. "Quantifying the Ancillary Benefits of the Representative Concentration Pathways on Air Quality in Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 383-415, October.
    4. Kverndokk,S. & Rosendahl,E., 2000. "CO2 mitigation costs and ancillary benefits in the Nordic countries, the UK and Ireland : a survey," Memorandum 34/2000, Oslo University, Department of Economics.
    5. Lars Håkonsen & Lars Mathiesen, 1997. "CO 2 -stabilization may be a ‘no-regrets’ policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 9(2), pages 171-198, March.
    6. Galindo, Luis Miguel & Beltrán, Allan & Ferrer, Jimy & Alatorre, José Eduardo, 2017. "Efectos potenciales de un impuesto al carbono sobre el producto interno bruto en los países de América Latina: estimaciones preliminares e hipotéticas a partir de un metaanálisis y una función de tran," Documentos de Proyectos 41867, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. Lans Bovenberg, A. & de Mooij, Ruud A., 1997. "Environmental tax reform and endogenous growth," Journal of Public Economics, Elsevier, vol. 63(2), pages 207-237, January.
    8. Markandya Anil & Rübbelke Dirk T.G., 2004. "Ancillary Benefits of Climate Policy / Sekundäre Nutzen der Klimapolitik," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 224(4), pages 488-503, August.
    9. Vennemo, Haakon, 1997. "A dynamic applied general equilibrium model with environmental feedbacks," Economic Modelling, Elsevier, vol. 14(1), pages 99-154, January.
    10. Cabalu, Helen & Koshy, Paul & Corong, Erwin & Rodriguez, U-Primo E. & Endriga, Benjamin A., 2015. "Modelling the impact of energy policies on the Philippine economy: Carbon tax, energy efficiency, and changes in the energy mix," Economic Analysis and Policy, Elsevier, vol. 48(C), pages 222-237.
    11. Nelson, Edward & Nikolov, Kalin, 2003. "UK inflation in the 1970s and 1980s: the role of output gap mismeasurement," Journal of Economics and Business, Elsevier, vol. 55(4), pages 353-370.
    12. Bodil Larsen & Runa Nesbakken, 1997. "Norwegian emissions of CO 2 1987–1994," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 9(3), pages 275-290, April.
    13. Li, Jennifer Chung-I, 2002. "Including the Feedback of Local Health Improvement in Assessing Costs and Benefits of GHG Reduction," Conference papers 331019, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    14. Holmøy, Erling, 2016. "The development and use of CGE models in Norway," Journal of Policy Modeling, Elsevier, vol. 38(3), pages 448-474.
    15. Chen Jhy-hwa & Shieh Jhy-yuan & Chang Juin-jen, 2015. "Environmental policy and economic growth: the macroeconomic implications of the health effect," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(1), pages 1-31, January.
    16. Juin‐Jen Chang & Jhy‐Hwa Chen & Jhy‐Yuan Shieh & Ching‐Chong Lai, 2009. "Optimal Tax Policy, Market Imperfections, and Environmental Externalities in a Dynamic Optimizing Macro Model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(4), pages 623-651, August.
    17. Bruvoll, Annegrete & Larsen, Bodil Merethe, 2004. "Greenhouse gas emissions in Norway: do carbon taxes work?," Energy Policy, Elsevier, vol. 32(4), pages 493-505, March.
    18. Bye, Brita, 2000. "Environmental Tax Reform and Producer Foresight: An Intertemporal Computable General Equilibrium Analysis," Journal of Policy Modeling, Elsevier, vol. 22(6), pages 719-752, November.
    19. Hettich, Frank & Svane, Minna Selene, 1998. "Environmental policy in a two sector endogenous growth model," Discussion Papers, Series I 290, University of Konstanz, Department of Economics.
    20. Grepperud, Sverre & Rasmussen, Ingeborg, 2004. "A general equilibrium assessment of rebound effects," Energy Economics, Elsevier, vol. 26(2), pages 261-282, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ifs:fistud:v:15:y:1994:i:3:p:1-18. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emma Hyman (email available below). General contact details of provider: https://edirc.repec.org/data/ifsssuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.