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What to expect from an International System of Tradeable Permits for Carbon Emissions

McKibbin, Warwick J; Shackleton, Robert; Wilcoxen, Peter J

Description

We use an econometrically-estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally-tradable emissions permits to control world carbon dioxide emissions. We focus, in particular, on the effects of the system on flows of trade and international capital. Our results show that international trade and capital flows significantly alter projections of the domestic effects of emissions mitigation policy, compared...[Show more]

CollectionsANU Research Publications
Date published: 1998
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/41028
http://digitalcollections.anu.edu.au/handle/1885/41028

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