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Allocation of CO2 Emissions Permits: A General Equilibrium Analysis of Policy Instruments

✍ Scribed by Jesper Jensen; Tobias N. Rasmussen

Book ID
115623659
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
219 KB
Volume
40
Category
Article
ISSN
0095-0696

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In this paper we investigate the trade of C02 emission permits in the framework of a competitive economic equilibrium. For this purpose we integrate already existing regional energy-economy models (Markal-Macro) into a single multi-regional trade model. Based on two possible integration schemes we d

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The economic impacts on developing regions following a global cap and trade system for carbon dioxide are assessed through the use of an energy-economy systems model. Both an equal per capita allocation and a contraction and convergence allocation with convergence of the per capita emissions by 2050