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Economic prospect on carbon emissions in Commonwealth of Independent States

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  • Annageldy Arazmuradov

    ()

    (University of Bergamo)

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    Abstract This paper measures the ecological performance and reference carbon taxes of 12 Commonwealth of Independent States between 1993 and 2008. I adapted an ecologist’s model into widely used non-parametric directional distance functions approach. On average, countries perform fairly well: eco-efficiency is around 87 %. Enhancing energy consumption would lead to further reductions in CO2 emissions. I find that there was a relative decoupling of GDP from emissions growth. The estimated shadow price of carbon (mean of US$74.37/tCO2) is reasonable and falls into a range proposed by climate scientists. The richer countries had lower shadow prices with smaller range compared to less affluent ones. Overall, given decoupling, the introduction of revenue-neutral carbon tax could have certain merits.

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    File URL: http://link.springer.com/10.1007/s10644-015-9176-4
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    Article provided by Springer in its journal Economic Change and Restructuring.

    Volume (Year): 49 (2016)
    Issue (Month): 4 (November)
    Pages: 395-427

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    Handle: RePEc:kap:ecopln:v:49:y:2016:i:4:d:10.1007_s10644-015-9176-4
    DOI: 10.1007/s10644-015-9176-4
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    Order Information: Web: http://www.springer.com/economics/development/journal/10644/PS2

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