Arbeitspapier

Valuing Tradable CO2 Permits for OECD Countries

We estimate a structural model of OECD countries in which GDP and CO2 emissions are endogenous. We use the estimated model to simulate the price of tradable CO2 permits and the efficiency gains from trade. Our estimated prices are high, relative to previous estimates, and the efficiency gains are substantial. We also find, contrary to previous literature, that higher income is associated with reduced emissions.

Language
Englisch

Bibliographic citation
Series: Nota di Lavoro ; No. 31.1999

Classification
Wirtschaft
Trade: Forecasting and Simulation
Renewable Resources and Conservation: Government Policy
Energy and the Macroeconomy
Subject
Tradable permits
Greenhouse gases
Carbon reductions
Environmental Kuznets curve
Emissionshandel
Handelbare Güter
Außenhandelsgewinn
Außenhandelspreis
Luftreinhaltung
Treibhausgas-Emissionen
Sozialprodukt
Theorie
OECD-Staaten

Event
Geistige Schöpfung
(who)
Karp, Larry
Liu, Xuemei
Event
Veröffentlichung
(who)
Fondazione Eni Enrico Mattei (FEEM)
(where)
Milano
(when)
1999

Handle
Last update
10.03.2025, 11:46 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Karp, Larry
  • Liu, Xuemei
  • Fondazione Eni Enrico Mattei (FEEM)

Time of origin

  • 1999

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