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Valuing Tradeable Co2 Permits For Oecd Countries

Author

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  • Karp, Larry S.
  • Liu, Xuemei

Abstract

We estimate a structural model of OECD countries in which GDP and CO2 emissions are endogenous. We use the estimated model to simulate the price of tradeable CO2 permits and the efficiency gains from trade. Our estimated prices are high, relative to previous estimates, and the efficiency gains are substantial. We also find, contrary to previous literature, that higher income is associated with reduced emissions.

Suggested Citation

  • Karp, Larry S. & Liu, Xuemei, 1998. "Valuing Tradeable Co2 Permits For Oecd Countries," CUDARE Working Papers 25054, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:ucbecw:25054
    DOI: 10.22004/ag.econ.25054
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    Keywords

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    JEL classification:

    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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