Norwegian emissions of CO 2 1987–1994
Several countries have introduced taxes on fossil fuels with the aim of reducing atmospheric emissions, partly because of local environmental goals (SO 2, NO x) and partly to participate in a global effort to reduce emissions of greenhouse gases. Many macroeconomic studies, based on both global and national models, have been made of how emissions can be reduced with the help of taxes and the consequent reduction in GDP following the introduction of such taxes. Norway has had a CO 2 tax for five years, thereby providing a unique opportunity to evaluate the effects of this tax on emissions. The paper provides a counterfactual analysis of energy consumption and emissions if no CO 2 taxes had been introduced, compared with the actual situation in which such taxes exist. The effect of a CO 2 tax on oil consumption, and thus CO 2 emissions is studied on the basis of partial economic models for various sectors of the Norwegian economy. The study indicates that the CO 2 tax has had an impact on CO 2 emissions in Norway. Copyright Kluwer Academic Publishers 1997
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Volume (Year): 9 (1997)
Issue (Month): 3 (April)
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References listed on IDEAS
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- Jorgenson, Dale W. & Wilcoxen, Peter J., 1993.
"Reducing U.S. carbon dioxide emissions: an assessment of different instruments,"
Journal of Policy Modeling,
Elsevier, vol. 15(5-6), pages 491-520.
- Jorgenson, D.W. & Wilcoxen, P.J., 1992. "Reducing US Carbon Dioxide Emissions: An Assessment of Different Instruments," Harvard Institute of Economic Research Working Papers 1590, Harvard - Institute of Economic Research.
- Alan S. Manne & Richard G. Richels, 1991. "Global CO2 Emission Reductions - the Impacts of Rising Energy Costs," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 87-108.
- Glomsrod, Solveig & Vennemo, Haakon & Johnsen, Torgeir, 1992. " Stabilization of Emissions of CO2: A Computable General Equilibrium Assessment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 94(1), pages 53-69.
- 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.
- Dubin, Jeffrey A & McFadden, Daniel L, 1984. "An Econometric Analysis of Residential Electric Appliance Holdings and Consumption," Econometrica, Econometric Society, vol. 52(2), pages 345-62, March.
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