One-Parameter GHG Emission Policy with R&D-Based Growth

Tapio Palokangas

A chapter in Dynamic Optimization in Environmental Economics, 2014, pp 111-126 from Springer

Abstract: Abstract This document examines the GHG emission policy of regions which use land, labor and emitting inputs in production and enhance their productivity by devoting labor to R&D, but with different endowments and technology. The regions also have different impacts on global pollution. The problem is to organize common emission policy, if the regions cannot form a federation with a common budget and the policy parameters must be uniform for all regions. The results are the following. If a self-interested central planner allocates emission caps in fixed proportion to past emissions (i.e. grandfathering), then it establishes the Pareto optimum, decreasing emissions and promoting R&D and economic growth.

Keywords: Total Factor Productivity; Expected Utility; Pareto Optimum; Central Planner; Expenditure Share (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-3-642-54086-8_5

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DOI: 10.1007/978-3-642-54086-8_5

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