Welfare Gains under Tradeable CO2 Permits
Larry Karp and
Xuemei Liu
Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley
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: tradeable permits; greenhouse gasses; carbon reductions (search for similar items in EconPapers)
Date: 1999-07-01
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:agrebk:qt1dz5n1rf
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