Search

The usage of general equilibrium models, for the comparative analysis of the benefits of high oil prices and feasible climate policies, is described.

The purpose of this paper is to assess and compare regional welfare costs associated with alternative multi-gas strategies for a stabilization of global greenhouse gases (GHG) emissions in the long [...]

Economic efficiency is a major argument for international emissions trading under the Kyoto Protocol. We show that permit trading can be welfare decreasing for countries, even though private trading parties [...]

This paper discusses the economic impacts of the Kyoto commitment to CO2 emission control on the Member States of the European Union. The authors estimate the carbon prices would vary from $91 in the U.K. to $385 in Denmark.

An analysis of the European Commission's Green Paper, March 2000, on greenhouse gas emissions trading is presented. It is argued that the economic arguments in the paper are flawed and based on misleading rhetoric.

Byline: Patrick Criqui, Laurent Viguier This paper is dedicated to the analysis of the consequences of CO2 emission reduction policies, as deriving, in a world perspective, from the Kyoto Protocol for the 2010 horizon. The basic methodological principles for the assessment of the Marginal Abatement Costs and for the quantification of the economic 'gains from trade' in flexibility mechanisms are first presented in Section 2. Section 3 provides a thorough assessment, based on the POLES model results, of the marginal and total costs of compliance to the Kyoto Protocol for a 'non trading' case and for two cases of emission trading, respectively at Annex B level and at world level. Section 4 identifies some possible consequences and policy implications of decisions on 'flexibility mechanisms', particularly in the perspective of induced technical change. It shows that, in principle, low flexibility schemes may induce strong price signals in a limited number of constrained countries, while high flexibility schemes may induce lower price signals but on a much broader geographical basis.

INTRODUCTION The environmental failure of the former socialist economies is an idea that nobody would dare to discuss because the examples of ecological disasters in the East are numerous and [...]

A new study analysed the reference scenarios and marginal abatement costs of France's Institut d'Economie et de Politique de l'Energie's POLES world sectoral energy model and compares them with a similar model developed by MIT.