Intertemporal flexibility in a tradeable CO2 quota system

Hege Westskog

Environment and Development Economics, 2000, vol. 5, issue 03, pages 203-220

Abstract: The paper compares the total costs of abating CO2 emissions in two different intertemporal trading systems. In addition, the paper gives an analysis of how abatement costs are distributed among different countries/regions. It is shown that the total cost of implementing a climate treaty is considerably reduced in a system where both banking and borrowing of quotas are allowed compared to a system where quotas only can be banked. The analysis also shows that the total cost of implementing a climate treaty can be reduced in a banking system by compensating the developing country parties for participating in the CO2 emission reductions such that their net costs of making emissions reductions after sale/purchase of quotas equal zero.

Date: 2000

Downloads: (external link)
http://journals.cambridge.org/abstract_S1355770X00000140 link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:cup:endeec:v:5:y:2000:i:03:p:203-220_00

Access Statistics for this article

More articles in Environment and Development Economics from Cambridge University Press
Address: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Series data maintained by Mike Eden ().