VALUING TRADEABLE CO2 PERMITS FOR OECD COUNTRIES

We estimate a structural model of OECD countries in which GDP and CO2 emissions are endogenous. We use the estimated model to simulate the price of tradeable CO2 permits and the efficiency gains from trade. Our estimated prices are high, relative to previous estimates, and the efficiency gains are substantial. We also find, contrary to previous literature, that higher income is associated with reduced emissions.


Subject(s):
Issue Date:
1998
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/25054
Total Pages:
40
Series Statement:
Working Paper 872




 Record created 2017-04-01, last modified 2017-08-24

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