This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...

Using the extensive and disaggregated global GINFORS model, consequences of different possible post-Kyoto regimes on the German and European economy and other major economies in the medium run until 2020 are depicted. The approach is very extensive and detailed in comparison to already existing...