Economic prospect on carbon emissions in Commonwealth of Independent States
Annageldy Arazmuradov ()
Economic Change and Restructuring, 2016, vol. 49, issue 4, No 3, 395-427
Abstract This paper measures the ecological performance and reference carbon taxes of 12 Commonwealth of Independent States between 1993 and 2008. I adapted an ecologist’s model into widely used non-parametric directional distance functions approach. On average, countries perform fairly well: eco-efficiency is around 87 %. Enhancing energy consumption would lead to further reductions in CO2 emissions. I find that there was a relative decoupling of GDP from emissions growth. The estimated shadow price of carbon (mean of US$74.37/tCO2) is reasonable and falls into a range proposed by climate scientists. The richer countries had lower shadow prices with smaller range compared to less affluent ones. Overall, given decoupling, the introduction of revenue-neutral carbon tax could have certain merits.
Keywords: IPAT; Transition economies; Carbon tax; Eco-efficiency; Shadow price of carbon; CIS; Decoupling (search for similar items in EconPapers)
JEL-codes: H23 P52 Q51 Q52 (search for similar items in EconPapers)
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