IDEAS home Printed from https://ideas.repec.org/p/cbo/wpaper/14414.html

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.cbo.gov/sites/default/files/108th-congress-2003-2004/workingpaper/2003-3_0.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. repec:aen:journl:1992v13-01-a04 is not listed on IDEAS
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. 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.
    4. 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.
    5. 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.
    6. 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).
    7. 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).
    8. 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.
    9. 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.
    10. Strachan, Neil, 2011. "Business-as-Unusual: Existing policies in energy model baselines," Energy Economics, Elsevier, vol. 33(2), pages 153-160, March.
    11. 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.
    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrea Bigano & Maria Berrittella & Roberto Roson & Richard S.J. Tol, 2004. "A General Equilibrium Analysis of Climate Change Impacts on Tourism," Working Papers 2004.127, Fondazione Eni Enrico Mattei.
    2. Richard B. Howarth, 2005. "The Present Value Criterion and Environmental Taxation: The Suboptimality of First-Best Decision Rules," Land Economics, University of Wisconsin Press, vol. 81(3).
    3. Marc Vielle & Alain L. Bernard, 1998. "Un exemple d'utilisation : le coût de politiques de réduction des gaz à effet de serre," Économie et Prévision, Programme National Persée, vol. 136(5), pages 33-48.
    4. Channing Arndt & Sherman Robinson & Finn Tarp, 2006. "Trade Reform and Gender in Mozambique," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 32, pages 73-89.
    5. Bergman, Lars, 2005. "CGE Modeling of Environmental Policy and Resource Management," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 3, chapter 24, pages 1273-1306, Elsevier.
    6. Pierre Besson & Nina Kousnetzoff, 2009. "Les impacts économiques du changement climatique : enjeux de modélisation," Working Papers 2009-36, CEPII research center.
    7. van der Mensbrugghe, Dominique, 2013. "Modeling the Global Economy – Forward-Looking Scenarios for Agriculture," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 933-994, Elsevier.
    8. Cai, Angzu & Wang, Leyi & Zhang, Yuhao & Wu, Haoran & Zhang, Huai & Guo, Ru & Wu, Jiang, 2025. "Uncovering the multiple socio-economic driving factors of carbon emissions in nine urban agglomerations of China based on machine learning," Energy, Elsevier, vol. 319(C).
    9. Lawrence H. Goulder, 2013. "Markets for Pollution Allowances: What Are the (New) Lessons?," Journal of Economic Perspectives, American Economic Association, vol. 27(1), pages 87-102, Winter.
    10. Bjertnæs, Geir H. & Tsygankova, Marina & Martinsen, Thomas, 2013. "Norwegian climate policy reforms in the presence of an international quota market," Energy Economics, Elsevier, vol. 39(C), pages 147-158.
    11. Khanna, Neha & Chapman, Duane, 1997. "Climate Policy and Petroleum Depletion in an Optimal Growth Framework," Staff Papers 121172, Cornell University, Department of Applied Economics and Management.
    12. Li, Y.P. & Huang, G.H. & Chen, X., 2011. "An interval-valued minimax-regret analysis approach for the identification of optimal greenhouse-gas abatement strategies under uncertainty," Energy Policy, Elsevier, vol. 39(7), pages 4313-4324, July.
    13. Frankel, Jeffrey A. & Bosetti, Valentina, 2011. "Politically Feasible Emission Target Formulas to Attain 460 ppm CO[subscript 2] Concentrations," Working Paper Series rwp11-016, Harvard University, John F. Kennedy School of Government.
    14. Brita Bye & Karine Nyborg, 1999. "The Welfare Effects of Carbon Policies: Grandfathered Quotas versus Differentiated Taxes," Discussion Papers 261, Statistics Norway, Research Department.
    15. Govinda R. Timilsina & Ram M. Shrestha, 2002. "General equilibrium analysis of economic and environmental effects of carbon tax in a developing country: case of Thailand," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 5(3), pages 179-211, September.
    16. Roberto Roson & Francesco Bosello, 2007. "Estimating a Climate Change Damage Function through General Equilibrium Modeling," Working Papers 2007_08, Department of Economics, University of Venice "Ca' Foscari".
    17. Govinda R. Timilsina & Ram M. Shrestha, 2003. "General equilibrium analysis of economic and environmental effects of carbon tax in a developing country: case of Thailand," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 5(3), pages 179-211, April.
    18. Farrokhifar, Meisam & Nie, Yinghui & Pozo, David, 2020. "Energy systems planning: A survey on models for integrated power and natural gas networks coordination," Applied Energy, Elsevier, vol. 262(C).
    19. Ian W.H. Parry, 2005. "Fiscal Interactions and the Costs of Controlling Pollution from Electricity," RAND Journal of Economics, The RAND Corporation, vol. 36(4), pages 849-869, Winter.
    20. Dissou, Yazid, 2005. "Cost-effectiveness of the performance standard system to reduce CO2 emissions in Canada: a general equilibrium analysis," Resource and Energy Economics, Elsevier, vol. 27(3), pages 187-207, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbo:wpaper:14414. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbogvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.