A General Equilibrium Approach to Carbon Permit Banking

Loick Dubois (), Jean-Guillaume Sahuc and Gauthier Vermandel
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Loick Dubois: University Paris-Dauphine

No WP2024/20, Single Market Economics Papers from Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (European Commission), Chief Economist Team

Abstract: This paper studies the general equilibrium effects of carbon permit banking during the transition to a climate-neutral economy by 2050. The analysis highlights the critical role of permit banking in shaping the policy outcomes.

Keywords: Emission trading systems; cap policies; carbon permit banking; environmental real business cycle model; occasionally-binding constraints; nonlinear estimation (search for similar items in EconPapers)
JEL-codes: C32 E32 Q50 Q52 Q58 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2024-02
New Economics Papers: this item is included in nep-ban, nep-dge, nep-ene and nep-env
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https://ec.europa.eu/docsroom/documents/58336/atta ... en/renditions/native (application/pdf)

Related works:
Journal Article: A general equilibrium approach to carbon permit banking (2025)
Working Paper: A General Equilibrium Approach to Carbon Permit Banking (2025)
Working Paper: A General Equilibrium Approach to Carbon Permit Banking (2025)
Working Paper: A General Equilibrium Approach to Carbon Permit Banking (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:bda:wpsmep:wp2024/20

DOI: 10.2873/924733

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