Impact of Climate Policy on the Basque Economy

Mikel González-Eguino and Rob Dellink

No 12044, Climate Change Modelling and Policy Working Papers from Fondazione Eni Enrico Mattei (FEEM)

Abstract: In this paper we analyze the economic effects of CO2 emission reductions in the Basque Country (Spain) using an applied general equilibrium (AGE) model with specific attention to environment-energy-economy interactions. Environmental policy is implemented through a system of tradable pollution permits that the government auctions. The costs of different levels of CO2 abatement are discussed, focusing on the variations of macroeconomic, sectoral and environment-energy variables. Results show that the costs for achieving the Kyoto targets can remain limited if the appropriate combination of changes in fuel-mix and restructuring of the economy is induced.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 42
Date: 2005
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https://ageconsearch.umn.edu/record/12044/files/wp050113.pdf (application/pdf)

Related works:
Working Paper: Impact of Climate Policy on the Basque Economy (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:feemcc:12044

DOI: 10.22004/ag.econ.12044

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