EconPapers    
Economics at your fingertips  
 

Economic Implications of Greenhouse Gas Policy

Warwick McKibbin () and Peter Wilcoxen

No 116, Discussion Papers from Brookings Institution, International Economics

Abstract: This paper summarizes the debate on the costs and benefits of regional and global action to reduce future emissions of greenhouse gases. The paper also presents new evidence on possible future global emissions of carbon dioxide from burning fossil fuels where these emissions are disaggregated by major developed and developing country regions. The basis of the projections is a global simulation model called the G-Cubed model. Given these projections of future emissions, the model is used to estimate the size of carbon taxes necessary to stabilize emissions within each region in the year 2000 at the levels of emissions in 1990. It is shown that the costs of stabilizing carbon dioxide emissions vary across countries when each country stabilizes its own emissions at a 1990 level. These differences in costs reflect differences in the energy intensity of production, differences in the source of energy generation, differences in projections of population growth and different projections of productivity growth.

References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://apps89.brookings.edu/views/papers/bdp/BDP116/Bdp116.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to apps89.brookings.edu:80

Related works:
Working Paper: Economic Implications of Greenhouse Gas Policy (1995)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wop:briedp:116

Access Statistics for this paper

More papers in Discussion Papers from Brookings Institution, International Economics Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().

 
Page updated 2019-12-06
Handle: RePEc:wop:briedp:116