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A Climate Treaty and the Norwegian Economy: A CGE Assessment

Author

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  • Anne Brendemoen
  • Haakon Vennemo

Abstract

This paper examines the impact of an international climate treaty on a single country—Norway. A disaggregate computable general equilibrium (CGE) model is used. We discuss the treaty's effects on main macroeconomic indicators, economic growth, distributional impacts, the impact on pollutant emissions other than C02, and the secondary benefits of this reduction. The. results suggest that C02 emissions will decrease compared to the current level. The distributional impacts are modest. Increases in secondary benefits recoup almost one half of the loss in private consumption. We characterize the uncertainty of this estimate.

Suggested Citation

  • Anne Brendemoen & Haakon Vennemo, 1994. "A Climate Treaty and the Norwegian Economy: A CGE Assessment," The Energy Journal, , vol. 15(1), pages 77-93, January.
    • Handle: RePEc:sae:enejou:v:15:y:1994:i:1:p:77-93
    DOI: 10.5547/ISSN0195-6574-EJ-Vol15-No1-5
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    Cited by:

    1. Qi Gong & Yatfei Chan & Yijia Xia & Weiqi Tang & Weichun Ma, 2025. "Analysis of the Synergies of Air Pollutant and Greenhouse Gas Emission Reduction in Typical Chemical Enterprises," Sustainability, MDPI, vol. 17(14), pages 1-35, July.

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