Other Publications

CO2 emissions limits: Economic adjustments and the distribution of burdens

by Jacoby, H.D., R. Eckaus, A.D. Ellerman, R. Prinn, D. Reiner and Z. Yang
Energy Journal, 18(3): 31-58, 1997

(Reprint 1997-1)

Abstract

Policies under consideration within the Climate Convention would impose CO2 controls on only a subset of nations. A model of economic growth and emissions, coupled to an analysis of the climate system, is used to explore the consequences of a sample proposal of this type. The results show how economic burdens are likely to be distributed among nations, how carbon leakage may counteract the reductions attained, and how policy costs may be influenced by emissions trading. The sensitivity of results to uncertainty in key underlying assumption is explored, including the influence on economic impacts and on the policy contribution to long-term climate goals.

© Elsevier Science

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