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

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

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]

dc.contributor.authorShackleton, Robert
dc.contributor.authorWilcoxen, Peter J
dc.contributor.authorMcKibbin, Warwick
dc.date.accessioned2003-11-03
dc.date.accessioned2004-05-19T13:39:18Z
dc.date.accessioned2011-01-05T08:44:42Z
dc.date.available2004-05-19T13:39:18Z
dc.date.available2011-01-05T08:44:42Z
dc.date.created1998
dc.identifier.urihttp://hdl.handle.net/1885/41028
dc.identifier.urihttp://digitalcollections.anu.edu.au/handle/1885/41028
dc.description.abstractWe 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 with analyses that ignore international capital flows, and that under some systems of international permit trading the United States is likely to become a significant permit seller, the opposite of the conventional wisdom.
dc.format.extent109411 bytes
dc.format.extent356 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/octet-stream
dc.language.isoen_AU
dc.subjecteconometrically
dc.subjectinternationally tradable emissions permits
dc.subjectKyoto Protocol
dc.subjectinternational trade
dc.subjectinternational capital flows
dc.subjectcarbon dioxide emissions
dc.subjectUnited States
dc.subjectpermit seller
dc.titleWhat to expect from an International System of Tradeable Permits for Carbon Emissions
dc.typeWorking/Technical Paper
local.description.refereedno
local.identifier.citationmonthjul
local.identifier.citationyear1998
local.identifier.eprintid2189
local.rights.ispublishedyes
dc.date.issued1998
local.contributor.affiliationANU
local.contributor.affiliationEnvironment and Economics Network
local.citationEEN9804 Papers
CollectionsANU Research Publications

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