Arbeitspapier
Contraction of global carbon emissions: how acceptable are alternative emission entitlement schemes
The allocation of emissions entitlements across countries is the single most controversial issue in international climate policy. Extreme positions within the policy debate range from entitlement based on current emission patterns (CEP) to equal-per-capita (EPC) allocations.Convergence (COV) from an initial CEP allocation towards EPC emission rights represents a reconciliation of the two. This paper maintains that the acceptability of alternative entitlement schemes depends on their implications for economic welfare and uses a dynamic multi-region general equilibrium model for a comparative economic assessment of the above allocation rules. We find welfare implications for the varius regions to be strongly influenced by changes in the terms of trade. Especially, regions may experience considerable welfare losses even under entitlement schemes which impose no binding emission constraint on them. Among the arrangements examined, COV cum emissions trading stands out for offering the developing countries substantial incentives for paticipation in the international greenhouse gas abatement effort without imposing excessive burdens on the industrialized countries.
- Language
-
Englisch
- Bibliographic citation
-
Series: ZEW Discussion Papers ; No. 01-65
- Classification
-
Wirtschaft
Computable and Other Applied General Equilibrium Models
- Subject
-
climate policy
economic welfare
international equity
emissions trading
computable general equilibrium modeling
Klimaschutz
Luftreinhaltung
Emissionsrechte
Wirtschaftspolitische Wirkungsanalyse
Wohlfahrtseffekt
Allgemeines Gleichgewicht
Welt
- Event
-
Geistige Schöpfung
- (who)
-
Böhringer, Christoph
Welsch, Heinz
- Event
-
Veröffentlichung
- (who)
-
Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (where)
-
Mannheim
- (when)
-
2001
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Böhringer, Christoph
- Welsch, Heinz
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Time of origin
- 2001
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On the Design of Optimal Grandfathering Schemes for Emission Allowances
Strategic Partitioning of Emissions Allowances. Under the EU Emission Trading Scheme
Economic Implications of Alternative Allocation Schemes for Emission Allowances: A Theoretical and Applied Analysis
Industry-level emission trading between power producers in the EU
Long-Term Effects of Climate Campaigns on Total Greenhouse Gas Emissions under Cap-and-Trade Schemes: The Example of the EU Emissions Trading System and the Market Stability Reserve
Unilateral climate policy and competitiveness: The implications of differential emission pricing
The Reverse Waterbed Effect of Sector Coupling – Unilateral Climate Policies and Multilateral Emissions Trading
Market power in international emissions trading : the impact of U.S. withdrawal from the Kyoto Protocol
Efficiency, Compensation, and Discrimination: What is at Stake When Implementing the EU Emissions Trading Scheme?
Mission Impossible!? On the Harmonization of National Allocation Plans under the EU Emissions Trading Directive
Efficiency, compensation, and discrimination: What is at stake when implementing the EU emissions trading scheme?
C & C - contraction and convergence of carbon emissions: the economic implications of permit trading
On the Design of Optimal Grandfathering Schemes for Emission Allowances
Strategic Partitioning of Emissions Allowances. Under the EU Emission Trading Scheme
Economic Implications of Alternative Allocation Schemes for Emission Allowances: A Theoretical and Applied Analysis
Industry-level emission trading between power producers in the EU
Long-Term Effects of Climate Campaigns on Total Greenhouse Gas Emissions under Cap-and-Trade Schemes: The Example of the EU Emissions Trading System and the Market Stability Reserve
Unilateral climate policy and competitiveness: The implications of differential emission pricing
The Reverse Waterbed Effect of Sector Coupling – Unilateral Climate Policies and Multilateral Emissions Trading
Market power in international emissions trading : the impact of U.S. withdrawal from the Kyoto Protocol
Efficiency, Compensation, and Discrimination: What is at Stake When Implementing the EU Emissions Trading Scheme?
Mission Impossible!? On the Harmonization of National Allocation Plans under the EU Emissions Trading Directive