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Author:Böhringer, C.
Rutherford, T. F.
Title:Carbon abatement and international spillovers: a decomposition of general equilibrium effects
Journal:Environmental and Resource Economics
2002 : JUL, VOL. 22:3, p. 391-417
Index terms:ENERGY
ENVIRONMENTAL PROTECTION
EQUILIBRIUM ANALYSIS
INTERNATIONAL RELATIONS
INTERNATIONAL TRADE
Language:eng
Abstract:Based on simulations with a large-scale computable general equilibrium model of global trade and energy use, the authors show that international spillovers have important welfare implications for carbon abatement policies designed to meet exogenous emission reduction targets. The authors present a decomposition of the total welfare effect of carbon abatement policies into a primary domestic market effect (at constant international prices) and a secondary international spillover impact as a result of changes in international prices.
SCIMA record nr: 234708
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