Welfare Gains under Tradeable CO₂ Permits

Larry Karp and Xuemei Liu

No 6254, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: Most environmentalists favor the reduction in CO2 emissions but oppose international trade in emissions permits Although economic theory provides a strong case in favor of trade in permits) there is little empirical evidence of the size of potential benefits. We estimate the benefits of this trade for OECD countries.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 24
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:6254

DOI: 10.22004/ag.econ.6254

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