VALUING TRADEABLE CO2 PERMITS FOR OECD COUNTRIES

Larry Karp and Xuemei Liu

No 25054, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: We estimate a structural model of OECD countries in which GDP and CO2 emissions are endogenous. We use the estimated model to simulate the price of tradeable CO2 permits and the efficiency gains from trade. Our estimated prices are high, relative to previous estimates, and the efficiency gains are substantial. We also find, contrary to previous literature, that higher income is associated with reduced emissions.

Keywords: Farm; Management (search for similar items in EconPapers)
Pages: 40
Date: 1998
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Related works:
Working Paper: Valuing Tradeable CO2 Permits for OECD Countries (1999)
Working Paper: Valuing Tradable CO2 Permits for OECD Countries (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:25054

DOI: 10.22004/ag.econ.25054

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