Cost-Effective Climate Policy in a Small Country

Cathrine Hagem

The Energy Journal, 1994, vol. 15, issue 4, 119-139

Abstract: Unilateral action to curb C02 emissions in a small country or a group of countries has only a limited effect on global C02 emissions. However, it could be a first step toward a broader climate treaty. So far, unilateral commitments have been aimed at reducing national consumption of fossilfuels. A country that produces and consumes fossil fuels can also influence the global C02 emissions by reducing its production. The estimated cost of reducing national C02 emissions in Norway, through a reduction in fossilfuel consumption, is presented in a report from the Environmental Tax Committee (1992). In this paper, that cost is compared with an estimated cost of reducing fossil fuel production. The calculation reveals that it could be less costly to reduce the production than the consumption, given that the effect on global C02 emissions is identical.

Keywords: Cost-effective climat e policy; CO2 emissions; Small countries; Tax policy (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:sae:enejou:v:15:y:1994:i:4:p:119-139

DOI: 10.5547/ISSN0195-6574-EJ-Vol15-No4-6

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