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Effects of international climate policy for India: Evidence from a national and global CGE model

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  • Weitzel, Matthias
  • Ghosh, Joydeep
  • Peterson, Sonja
  • Pradhan, Basanta K.

Abstract

In order to reach the two degree target it is necessary to control CO2 emissions also in fast growing emerging economies such as India. The question is how the Indian economy would be affected by e.g. including the country into an international climate regime. Existing analyses with either a global model or a single country computable general equilibrium model miss important aspects such as distributional issues or international repercussions. By soft-linking models of these two classes, we provide a more detailed view on these issues. In particular, we analyze different options of transferring revenues from domestic carbon taxes and international transfers to different household types and how different assumptions on exchange rates affect transfer payments. We also show effects stemming from international price repercussions. Our analysis focusses on how these transmission channels affect welfare of nine different household types.

Suggested Citation

  • Weitzel, Matthias & Ghosh, Joydeep & Peterson, Sonja & Pradhan, Basanta K., 2012. "Effects of international climate policy for India: Evidence from a national and global CGE model," Kiel Working Papers 1810, Kiel Institute for the World Economy (IfW).
    • Handle: RePEc:zbw:ifwkwp:1810
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    References listed on IDEAS

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    1. Maurizio Bussolo & David O’Connor, 2001. "Clearing the Air in India: The Economics of Climate Policy with Ancillary Benefits," OECD Development Centre Working Papers 182, OECD Publishing.
    2. N. Satyanarayana Murthy & Manoj Panda & Kirit Parikh, 2007. "CO2 Emission Reduction Strategies and Economic Development of India," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 1(1), pages 85-118, March.
    3. Niklas H�hne & Michel den Elzen & Martin Weiss, 2006. "Common but differentiated convergence (CDC): a new conceptual approach to long-term climate policy," Climate Policy, Taylor & Francis Journals, vol. 6(2), pages 181-199, March.
    4. World Bank, 2012. "World Development Indicators 2012," World Bank Publications, The World Bank, number 6014, Juni.
    5. P. Shukla & Subash Dhar, 2011. "Climate agreements and India: aligning options and opportunities on a new track," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 11(3), pages 229-243, September.
    6. P. R. Shukla & Subash Dhar & Diptiranjan Mahapatra, 2008. "Low-carbon society scenarios for India," Climate Policy, Taylor & Francis Journals, vol. 8(sup1), pages 156-176, December.
    7. McKibbin, Warwick J. & Shackleton, Robert & Wilcoxen, Peter J., 1999. "What to expect from an international system of tradable permits for carbon emissions," Resource and Energy Economics, Elsevier, vol. 21(3-4), pages 319-346, August.
    8. van Ruijven, Bas J. & Weitzel, Matthias & den Elzen, Michel G.J. & Hof, Andries F. & van Vuuren, Detlef P. & Peterson, Sonja & Narita, Daiju, 2012. "Emission allowances and mitigation costs of China and India resulting from different effort-sharing approaches," Energy Policy, Elsevier, vol. 46(C), pages 116-134.
    9. Barun Deb Pal & Sanjib Pohit & Joyashree Roy, 2012. "Social Accounting Matrix For India," Economic Systems Research, Taylor & Francis Journals, vol. 24(1), pages 77-99, August.
    10. Christoph Böhringer & Thomas Rutherford, 2002. "Carbon Abatement and International Spillovers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(3), pages 391-417, July.
    11. K. Sundaram & Suresh D. Tendulkar, 2003. "Poverty Among Social and Economic Groups In India in the Nineteen Nineties," Working papers 118, Centre for Development Economics, Delhi School of Economics.
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    Citations

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    Cited by:

    1. Pradhan, Basanta K. & Ghosh, Joydeep & Yao, Yun-Fei & Liang, Qiao-Mei, 2017. "Carbon pricing and terms of trade effects for China and India: A general equilibrium analysis," Economic Modelling, Elsevier, vol. 63(C), pages 60-74.
    2. Daniel Johansson & Paul Lucas & Matthias Weitzel & Erik Ahlgren & A. Bazaz & Wenying Chen & Michel Elzen & Joydeep Ghosh & Maria Grahn & Qiao-Mei Liang & Sonja Peterson & Basanta Pradhan & Bas Ruijven, 2015. "Multi-model comparison of the economic and energy implications for China and India in an international climate regime," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 20(8), pages 1335-1359, December.
    3. Johansson, Daniel J. A. & Lucas, Paul L. & Weitzel, Matthias & Ahlgren, Erik O. & Bazaz, A. B. & Chen, Wenying & den Elzen, Michel G. J. & Ghosh, Joydeep & Grahn, Maria & Liang, Qiao-Mei & Peterson, S, 2012. "Multi-model analyses of the economic and energy implications for China and India in a post-Kyoto climate regime," Kiel Working Papers 1808, Kiel Institute for the World Economy (IfW).
    4. Gupta, Dipti & Ghersi, Frédéric & Vishwanathan, Saritha S. & Garg, Amit, 2019. "Achieving sustainable development in India along low carbon pathways: Macroeconomic assessment," World Development, Elsevier, vol. 123(C), pages 1-1.

    More about this item

    Keywords

    Computable General Equilibrium Model; International Climate Policy; India;

    JEL classification:

    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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