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Empirical Modeling of the Economy and the Environment : Zew Economic Studies - Christoph Bohringer

Empirical Modeling of the Economy and the Environment

Zew Economic Studies

By: Christoph Bohringer (Editor), Andreas Loschel (Editor)

Paperback Published: 18th September 2003
ISBN: 9783790800784
Number Of Pages: 326

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ZhongXiang Zhang (East-West Center, Honolulu) uses a global model based on marginal abatement cost curves for 12 world regions to estimate the contributions of the three flexibility mechanisms under the Kyoto Protocol, i. e. emissions trading, joint implementation, and the clean development mechanism. He shows how the reduction in compliance costs of industrialized regions depends on the extent to which the flexibility mechanisms will be available. Not surprisingly, the fewer the restrictions on the use of flexibility mechanisms will be, the greater the gains from their use. These gains are unevenly distributed, however, with industrialized regions that have the highest autarkic marginal abatement costs tending to benefit the most. Restrictions on the use of flexibility mechanisms not only reduce the potential of the industrialized regions' efficiency gains, but are also not beneficial to developing countries since they restrict the total financial flows to developing countries under the clean development mechanism. Christoph Bohringer (ZEW, Mannheim), Glenn W. Harrison (University of South Carolina, Columbia), and Thomas F. Rutherford (University of Colorado, Boulder) evaluate the welfare implications of alternative ways in which the EU could distribute its aggregate emission reduction commitment under the Kyoto Protocol across member states. Using a large-scale CGE model, they compare a uniform proportional cutback in emissions and the actual EU burden sharing agreement with an equitable allocation scheme derived from an endogenous burden sharing calculation. The latter equalizes the relative welfare cost across member states.

Introductionp. 1
Environmental Regulation and Productivity Growth: A Analysis of U.S. Manufacturing Industriesp. 7
Environmental Regulation and Competitiveness: An Exploratory Meta-Analysisp. 23
Trade, Technology, and Carbon Emissions: A CGE Analysis for West Germanyp. 55
Environmental Policies in Open Economies and Leakage Problemsp. 93
Pollution Charges and Incentivesp. 117
An Economic Assessment of the Kyoto Protocol Using a Global Model Based on the Marginal Abatement Costs of 12 Regionsp. 133
Sharing the Burden of Carbon Abatement in the European Unionp. 153
Banking and Trade of Carbon Emission Rights: A CGE Analysisp. 181
Cost-Efficiency Methodology for the Selection of New Car Emission Standards in Europep. 199
Commitment and Time Consistency of Environmental Policy and Incentives for Adoption and R&Dp. 231
Ecological Tax Reform and Efficiency of Taxation: A Public Good Perspectivep. 261
Optimal Intertemporal Pricing of Resource Stocks: The Case of Fossil Fuel Extraction and Atmospheric CO[subscript 2] Depositsp. 291
Balancing the Interests of the Present and the Futurep. 315
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9783790800784
ISBN-10: 3790800783
Series: Zew Economic Studies : Book 20
Audience: General
Format: Paperback
Language: English
Number Of Pages: 326
Published: 18th September 2003
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: DE
Dimensions (cm): 23.11 x 15.49  x 2.03
Weight (kg): 0.5