| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Modeling Economywide versus Sectoral Climate Policies Using Combined Aggregate-Sectoral Models
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| Autores: |
Pizer, William A.
Burtraw, Dallas
Harrington, Winston
Newell, Richard G.
Sanchirico, James N.
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| Data: |
2005-10-26
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| Ano: |
2005
|
| Palavras-chave: |
Carbon
Carbon dioxide
Climate change
Climate policy
General equilibrium model
Partial equilibrium model
Cost
Environmental Economics and Policy
Q25
D58
D61
Q48
|
| Resumo: |
Economic analyses of climate change policies frequently focus on reductions of energy-related carbon dioxide emissions via market-based, economywide policies. The current course of environment and energy policy debate in the United States, however, suggests an alternative outcome: inefficiently designed and/or sector-based policies. This paper uses a collection of specialized, sector-based models in conjunction with a computable general equilibrium model of the economy to examine and compare these policies at an aggregate level. We examine the relative cost of different policies designed to achieve the same quantity of emissions reductions. We find that excluding a limited number of sectors from an economywide policy does not significantly raise costs. Focusing policy solely on the electricity and transportation sectors doubles costs, however, and using nonmarket policies can raise costs by a factor of 10. These results are driven in part by, and are sensitive to, our modeling of preexisting tax distortions.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
18668
http://purl.umn.edu/10502
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| Editor: |
AgEcon Search
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| Relação: |
Resources for the Future>Discussion Papers
Discussion Paper 05-08
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| Formato: |
45
application/pdf
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