Carbone, Jared C. ; Helm, Carsten ; Rutherford, Thomas F. (2008):
The Case for International Emission Trade in the Absence of Cooperative Climate Policy.
In: Darmstadt Discussion Papers in Economics, 194, [Report]
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Item Type: | Report |
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Title: | The Case for International Emission Trade in the Absence of Cooperative Climate Policy |
Language: | English |
Abstract: | We evaluate the efficacy of international trade in carbon emission permits when countries are guided strictly by their national self-interest. To do so, we construct a calibrated general equilibrium model that jointly describes the world economy and the strategic incentives that guide the design of national abatement policies. Countries' decisions about their participation in a trading system and about their initial permit endowment are made noncooperatively; so a priori it is not clear that permit trade will induce participation in international abatement agreements or that participation will result in significant environmental gains. Despite this, we find that emission trade agreements can be effective; that smaller groupings pairing developing and developed-world partners often perform better than agreements with larger rosters; and that general equilibrium responses play an important role in shaping these outcomes. |
Series: | Darmstadt Discussion Papers in Economics |
Series Volume: | 194 |
Uncontrolled Keywords: | Global warming, coalitions, general equilibrium, tradable permits |
Classification DDC: | 300 Sozialwissenschaften > 330 Wirtschaft |
Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete 01 Department of Law and Economics > Volkswirtschaftliche Fachgebiete > Angewandte Mikroökonomik und Institutionenökonomik |
Date Deposited: | 19 Aug 2009 12:21 |
Last Modified: | 09 Jul 2020 01:00 |
URN: | urn:nbn:de:tuda-tuprints-47321 |
Additional Information: | JEL - Classification : D7, F18, F42, Q58 |
URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/4732 |
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