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Global impact assessment of unilateral climate policies is commonly based on multi-sector, multi-region computable general equilibrium (CGE) models that are calibrated to consistent accounts of production, consumption, and bilateral trade flows. However, global economic databases such as GTAP...
Persistent link: https://www.econbiz.de/10010985687
tends to have a detrimental effect on domestic competitiveness, and it leads to an increase in carbon emissions abroad … problems. However, BTA protects domestic competitiveness more effectively, while IET achieves a greater reduction in foreign … competitiveness of noncovered sectors are negative. These two effects constitute the central trade-off in the implementation of both …
Persistent link: https://www.econbiz.de/10005098226
This paper reviews the literature on distributional effects of energy and carbon taxation with focus on microsimulation models. Most studies find that direct energy and carbon taxation tends to be regressive. Regressive effects occur mostly with respect to taxation of electricity or space...
Persistent link: https://www.econbiz.de/10011185920
International Carbon Offsets from developing countries and emerging economies such as permits from the Clean Development Mechanism (CDM) will potentially play an important role for cost containment in domestic greenhouse gas regulation schemes in industrialised countries. We analyse the...
Persistent link: https://www.econbiz.de/10009211176
In this paper, we extend the Fehr and Schmidt model of inequality aversion to a situation where the players differ with respect to their benefits and costs from contributions to a non-linear public good. A necessary condition for contributing to the public good is that the players' benefit...
Persistent link: https://www.econbiz.de/10009283657
We investigate how the U.S. withdrawal and the amendments of the Bonn climate policy conference in 2001 will change the economic and environmental impacts of the Kyoto Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that U.S....
Persistent link: https://www.econbiz.de/10005097501
Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of non-competitive supply behavior for the international market of...
Persistent link: https://www.econbiz.de/10005097513
Without participation of the United States, the world?s largest emitter of greenhouse gases, mitigation of global climate change seems hardly conceivable. Despite the U.S. rejection of the Kyoto Protocol and the reluctance of the Bush administration to engage in Post-Kyoto negotiations, recent...
Persistent link: https://www.econbiz.de/10005097567
The allocation of emissions entitlements across countries is the single most controversial issue in international climate policy. Extreme positions within the policy debate range from entitlement based on current emission patterns (CEP) to equal-per-capita (EPC) allocations.Convergence (COV)...
Persistent link: https://www.econbiz.de/10005097632
This paper investigates the implications of U.S. withdrawal on environmental effectiveness, economic efficiency, and the distribution of compliance costs taking into account market power of the Former Soviet Union (FSU) on emission permit markets. While exercise of market power on behalf of FSU...
Persistent link: https://www.econbiz.de/10005097719