Valuing Tradable CO2 Permits for OECD Countries

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 tradable 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.

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Year of publication:	1999
Authors:	Karp, Larry ; Liu, Xuemei
Publisher:	Milano : Fondazione Eni Enrico Mattei (FEEM)
Subject:	Emissionshandel \| Handelbare Güter \| Außenhandelsgewinn \| Außenhandelspreis \| Luftreinhaltung \| Treibhausgas-Emissionen \| Sozialprodukt \| Theorie \| OECD-Staaten \| Tradable permits \| Greenhouse gases \| Carbon reductions \| Environmental Kuznets curve

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Series:	Nota di Lavoro ; 31.1999
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	hdl:10419/154985 [Handle] RePEc:fem:femwpa:1999.31 [RePEc]
Classification:	F17 - Trade Forecasting and Simulation ; Q28 - Government Policy ; Q43 - Energy and the Macroeconomy
Source:	EconStor

Persistent link: https://www.econbiz.de/10011608495