This paper forms part of an OECD project which addresses the issue of the cost of reducing CO2 emissions by comparing the results from six global models of a set of standardised reduction scenarios. The project provides evidence on: i)projected carbon dioxide emissions through the next century,...

Alternative perspectives on the structure of international trade have important implications for the evaluation of climate policy. In this paper we assess climate policy in the context of three important alternative trade formulations. First is a Heckscher‐Ohlin model based on trade in...

This article summarizes insights from the 36th Energy Modeling Forum study (EMF36) on the magnitude and distribution of economic adjustment costs of greenhouse gas emission reduction targets. Under the Paris Agreement, countries have committed to emission reduction targets - so-called Nationally...

This article summarizes insights of the 36th Energy Modeling Forum study (EMF36) on the magnitude and distribution of economic adjustment costs to greenhouse gas emission reduction targets. Under the Paris Agreement countries voluntarily committed themselves to emission reductions - so-called...

Carbon control policies in OECD countries commonly differentiate emission prices in favor of energy-intensive industries. While leakage provides a efficiency argument for differential emission pricing, the latter may be a disguised beggar-thy-neighbor policy to exploit terms of trade. Using an...

This article summarizes the insights of an Energy Modeling Forum study on the magnitude and distribution of economic adjustment costs to greenhouse gas emission constraints in the aftermath of the Paris Agreement where countries voluntarily committed themselves to Nationally Determined...