What to Expect from an International System of Tradable Permits for Carbon Emmisions
Warwick McKibbin (),
Robert Shackleton and
Additional contact information
Robert Shackleton: U.S. Environmental Protection Agency, Policy Office
Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network
We use an econometrically estimated multi-region, multi-sector general equilibrium model of the world economy to examine the effects of using a system of internationally tradable emission permits to control world carbon dioxide emissions. We focus, in particular, on the effects of the system on flows of trade and international capital. Our results show that international trade and capital flows significantly alter projections of the domestic effects of the emissions mitigation policy, compared with analyses that ignore international capital flows, and that under some systems of international permit trading the United States is likely to become a significant permit seller, the opposite of conventional wisdom.
Keywords: tradable permits; international capital flows; policy (search for similar items in EconPapers)
JEL-codes: Q58 F30 O20 (search for similar items in EconPapers)
Pages: 32 pages
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found
Journal Article: What to expect from an international system of tradable permits for carbon emissions (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:anu:eenwps:9804
Access Statistics for this paper
More papers in Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network
Bibliographic data for series maintained by Jack Pezzey ( this e-mail address is bad, please contact ).