Some implications of increased cooperation in world oil conservation

Stephen Brown and Hillard Huntington

Economic and Financial Policy Review, 1998, issue Q II, 2-9

Abstract: In this article, Stephen Brown and Hillard Huntington combine recent studies of world oil markets and the nascent literature on damage estimates from carbon dioxide (CO2) emissions to derive cost and benefit curves for the reduction of these emissions through cooperative programs of oil conservation. Their analysis shows that the desirability of extending cooperation in global energy conservation policies is essentially an empirical issue rather than a conceptual one. The current evidence suggests that over the next two decades, the Organization for Economic Cooperation and Development will have an incentive to reduce its oil consumption and the associated CO2 emissions by more than is optimal from a world perspective. During this period, extending cooperation to the oil-importing developing countries may push oil conservation too far.

Keywords: Petroleum; industry; and; trade (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.dallasfed.org/~/media/documents/research/er/1998/er9802a.pdf Full Text (text/html)

Related works:
Working Paper: Some implications of increased cooperation in world oil conservation (1996)
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: https://EconPapers.repec.org/RePEc:fip:fedder:y:1998:i:qii:p:2-9

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic and Financial Policy Review from Federal Reserve Bank of Dallas Contact information at EDIRC.
Bibliographic data for series maintained by Amy Chapman ().