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VALUING TRADEABLE CO2 PERMITS FOR OECD COUNTRIES 31
Karp, Larry S.; Liu, Xuemei.
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.
Tipo: Working or Discussion Paper Palavras-chave: Tradeable permits; Greenhouse gasses; Carbon reductions; Environmental Kuznets curve; F17; Q28; Q43; Farm Management.
Ano: 1998 URL: http://purl.umn.edu/25054
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Welfare Gains under Tradeable CO₂ Permits 31
Karp, Larry S.; Liu, Xuemei.
Most environmentalists favor the reduction in CO2 emissions but oppose international trade in emissions permits Although economic theory provides a strong case in favor of trade in permits) there is little empirical evidence of the size of potential benefits. We estimate the benefits of this trade for OECD countries.
Tipo: Working or Discussion Paper Palavras-chave: Tradeable permits; Greenhouse gasses; Carbon reductions; Environmental Economics and Policy; F17; Q28; Q43.
Ano: 1999 URL: http://purl.umn.edu/6254
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