Welfare Reducing Emission Permit Trade

Pertti Haaparanta, Matti Liski and Toni Riipinen

No 331007, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: In this paper we analyse the problem why in many simulations of the impacts of the Kyoto agreement Russia (or Former Soviet Union) appears to loose if the agreement is implemented via international emission permit markets even though with national implementation it cannot use its emission quota fully. We focus on the role of general equilibrium changes in world market prices as an explanation and show that it can, indeed, explain much of the welfare deterioration at least for Russia (Former Soviet Union). We base our quantitative analysis on the GTAP-E-model.

Keywords: International Relations/Trade; International Development (search for similar items in EconPapers)
Pages: 27
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331007

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