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The Economic Costs of Reducing Emissions of Greenhouse Gases: A Survey of Economic Models: Technical Paper 2003-03

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  • Mark Lasky

Abstract

In response to fears about the damages global warming may cause in the future, most of the world’s nations signed the Kyoto Protocol in December 1997, agreeing to cap human-induced emissions of carbon dioxide and other human-induced greenhouse gases in the United States and 37 other industrial nations beginning in 2008. At that time, they left many details unresolved. Since then, the Bush Administration has indicated it would not submit the protocol to the Senate for ratification, and the other parties have agreed to rules for implementation that will likely result in a

Suggested Citation

  • Mark Lasky, 2003. "The Economic Costs of Reducing Emissions of Greenhouse Gases: A Survey of Economic Models: Technical Paper 2003-03," Working Papers 14414, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:14414
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    File URL: https://www.cbo.gov/sites/default/files/108th-congress-2003-2004/workingpaper/2003-3_0.pdf
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    References listed on IDEAS

    as
    1. Manne, Alan & Mendelsohn, Robert & Richels, Richard, 1995. "MERGE : A model for evaluating regional and global effects of GHG reduction policies," Energy Policy, Elsevier, vol. 23(1), pages 17-34, January.
    2. repec:aen:journl:1992v13-01-a04 is not listed on IDEAS
    3. McKibbin, Warwick J. & Wilcoxen, Peter J., 1998. "The theoretical and empirical structure of the G-Cubed model," Economic Modelling, Elsevier, vol. 16(1), pages 123-148, January.
    4. Ian W.H. Parry & Roberton C. Williams III & Lawrence H. Goulder, 2002. "When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets," Chapters, in: Lawrence H. Goulder (ed.), Environmental Policy Making in Economies with Prior Tax Distortions, chapter 25, pages 471-503, Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Stocking, Andrew, 2012. "Unintended consequences of price controls: An application to allowance markets," Journal of Environmental Economics and Management, Elsevier, vol. 63(1), pages 120-136.
    2. Alan Carlin, 2006. "Global Climate Control: Is There a Better Strategy Than Reducing Greenhouse Gas Emissions?," NCEE Working Paper Series 200604, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Sep 2006.
    3. Joseph E. Aldy & William A. Pizer, 2009. "Issues in Designing U.S. Climate Change Policy," The Energy Journal, , vol. 30(3), pages 179-210, July.
    4. Palander, Teijo, 2011. "Technical and economic analysis of electricity generation from forest, fossil, and wood-waste fuels in a Finnish heating plant," Energy, Elsevier, vol. 36(9), pages 5579-5590.
    5. Alfredo Pereira & Rui Pereira, 2010. "On the potential economic costs of cutting carbon dioxide emissions in Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 9(3), pages 211-222, December.
    6. Chunbo Ma & Atakelty Hailu, 2016. "The Marginal Abatement Cost of Carbon Emissions in China," The Energy Journal, , vol. 37(1_suppl), pages 111-128, January.
    7. Carlin, Alan, 2006. "Global Climate Control: Is There a Better Strategy Than Reducing Greenhouse Gas Emissions?," National Center for Environmental Economics-NCEE Working Papers 280850, United States Environmental Protection Agency (EPA).
    8. Ma, Chunbo & Hailu, Atakelty & You, Chaoying, 2019. "A critical review of distance function based economic research on China’s marginal abatement cost of carbon dioxide emissions," Energy Economics, Elsevier, vol. 84(C).
    9. Kosnik, Lea, 2008. "The potential of water power in the fight against global warming in the US," Energy Policy, Elsevier, vol. 36(9), pages 3252-3265, September.
    10. Carolyn Fischer & Richard D. Morgenstern, 2006. "Carbon Abatement Costs: Why the Wide Range of Estimates?," The Energy Journal, , vol. 27(2), pages 73-86, April.
    11. Strachan, Neil, 2011. "Business-as-Unusual: Existing policies in energy model baselines," Energy Economics, Elsevier, vol. 33(2), pages 153-160, March.
    12. repec:aen:journl:ej37-si1-ma is not listed on IDEAS
    13. Philippe Tulkens & Henry Tulkens, 2006. "The White House and the Kyoto Protocol: Double Standards on Uncertainties and Their Consequences," Working Papers 2006.89, Fondazione Eni Enrico Mattei.
    14. Fischer, Carolyn & Morgenstern, Richard D., 2003. "Carbon Abatement Costs: Why the Wide Range of Estimates?," Discussion Papers 10537, Resources for the Future.
    15. Marvão Pereira, Alfredo & Marvão Pereira, Rui Manuel, 2010. "Is fuel-switching a no-regrets environmental policy? VAR evidence on carbon dioxide emissions, energy consumption and economic performance in Portugal," Energy Economics, Elsevier, vol. 32(1), pages 227-242, January.
    16. Zhu, Y. & Li, Y.P. & Huang, G.H., 2013. "Planning carbon emission trading for Beijing's electric power systems under dual uncertainties," Renewable and Sustainable Energy Reviews, Elsevier, vol. 23(C), pages 113-128.
    17. Kirsten Halsnæs & Priyadarshi Shukla, 2008. "Sustainable development as a framework for developing country participation in international climate change policies," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 13(2), pages 105-130, February.
    18. Palander, Teijo, 2011. "Modelling renewable supply chain for electricity generation with forest, fossil, and wood-waste fuels," Energy, Elsevier, vol. 36(10), pages 5984-5993.

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