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CO2 Emissions Limits: Economic Adjustments and the Distribution of Burdens

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Listed:
  • Henry D. Jacoby
  • Richard S. Eckaus
  • Denny A. Ellerman
  • Ronald G. Prinn
  • David M. Reiner
  • Zili Yang

Abstract

Policies under consideration within the Climate Convention would impose CO2 controls on only a subset of nations. A model of economic growth and emissions, coupled to an analysis of the climate system, is used to explore the consequences of a sample proposal of this type. The results show how economic burdens are likely to be distributed among nations, how carbon "leakage" may counteract the reductions attained, and how policy costs may be influenced by emissions trading. We explore the sensitivity of results to uncertainty in key underlying assumptions, including the influence on economic impacts and on the policy contribution to long-term climate goals.

Suggested Citation

  • Henry D. Jacoby & Richard S. Eckaus & Denny A. Ellerman & Ronald G. Prinn & David M. Reiner & Zili Yang, 1997. "CO2 Emissions Limits: Economic Adjustments and the Distribution of Burdens," The Energy Journal, , vol. 18(3), pages 31-58, July.
    • Handle: RePEc:sae:enejou:v:18:y:1997:i:3:p:31-58
    DOI: 10.5547/ISSN0195-6574-EJ-Vol18-No3-2
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    References listed on IDEAS

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    1. John Pezzey, 1992. "Analysis of Unilateral CO2 Control in the European Community and OECD," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 159-172.
    2. Edmonds, Jae & Wise, Marshall & Barns, David W, 1995. "Carbon coalitions : The cost and effectiveness of energy agreements to alter trajectories of atmospheric carbon dioxide emissions," Energy Policy, Elsevier, vol. 23(4-5), pages 309-335.
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    JEL classification:

    • F0 - International Economics - - General

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