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Welfare Gains under Tradeable CO2 Permits

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  • Karp, Larry
  • Liu, Xuemei

Abstract

Most environmentalists favor the reduction in CO2 emissions but oppose international trade in emissions permits Although economic theory provides a strong case in favor of trade in permits) there is little empirical evidence of the size of potential benefits. We estimate the benefits of this trade for OECD countries.

Suggested Citation

  • Karp, Larry & Liu, Xuemei, 1999. "Welfare Gains under Tradeable CO2 Permits," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt1dz5n1rf, Department of Agricultural & Resource Economics, UC Berkeley.
    • Handle: RePEc:cdl:agrebk:qt1dz5n1rf
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    1. Walter Nonneman & Patrick Vanhoudt, 1996. "A Further Augmentation of the Solow Model and the Empirics of Economic Growth for OECD Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 943-953.
    2. Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
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