Arbeitspapier
Contraction of global carbon emissions: how acceptable are alternative emission entitlement schemes
The allocation of emissions entitlements across countries is the single most controversial issue in international climate policy. Extreme positions within the policy debate range from entitlement based on current emission patterns (CEP) to equal-per-capita (EPC) allocations.Convergence (COV) from an initial CEP allocation towards EPC emission rights represents a reconciliation of the two. This paper maintains that the acceptability of alternative entitlement schemes depends on their implications for economic welfare and uses a dynamic multi-region general equilibrium model for a comparative economic assessment of the above allocation rules. We find welfare implications for the varius regions to be strongly influenced by changes in the terms of trade. Especially, regions may experience considerable welfare losses even under entitlement schemes which impose no binding emission constraint on them. Among the arrangements examined, COV cum emissions trading stands out for offering the developing countries substantial incentives for paticipation in the international greenhouse gas abatement effort without imposing excessive burdens on the industrialized countries.
- Sprache
-
Englisch
- Erschienen in
-
Series: ZEW Discussion Papers ; No. 01-65
- Klassifikation
-
Wirtschaft
Computable and Other Applied General Equilibrium Models
- Thema
-
climate policy
economic welfare
international equity
emissions trading
computable general equilibrium modeling
Klimaschutz
Luftreinhaltung
Emissionsrechte
Wirtschaftspolitische Wirkungsanalyse
Wohlfahrtseffekt
Allgemeines Gleichgewicht
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Böhringer, Christoph
Welsch, Heinz
- Ereignis
-
Veröffentlichung
- (wer)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (wo)
-
Mannheim
- (wann)
-
2001
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Böhringer, Christoph
- Welsch, Heinz
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Entstanden
- 2001
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