We analyze the economic effects of the differentiated targets for carbon abatement in six European Union member states. Our recursively-dynamic model includes a detailed representation of trade and energy consumption and incorporates optimistic projections for future energy markets provided by...

We analyze the economic effects of the differentiated targets for carbon abatement in six European Union member states. Our recursively-dynamic model includes a detailed representation of trade and energy consumption and incorporates optimistic projections for future energy markets provided by...

Current and prospective EU members have recently proposed a set of guidelines for trade with emissions reductions within the Kyoto Protocol. The European proposal effectively eliminates exports of hot air and limits imports of emissions reductions by Annex B countries to 50% of their total...