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Distribution matters: Taxes vs. emissions trading in post Kyoto climate regimes

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dc.creator Peterson, Sonja
dc.creator Klepper, Gernot
dc.date 2007
dc.date.accessioned 2013-10-16T06:14:42Z
dc.date.available 2013-10-16T06:14:42Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/4076
dc.identifier ppn:546718299
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4076
dc.description The policy instruments for emissions reductions will be an integral part of a Post Kyoto Climate Regime. In this paper we compare a harmonized international carbon tax to a cap and trade system with different allocation rules for the emission caps. The caps are based either on the requirement for equal percentage reductions in all countries or the "contraction and convergence" proposal that leads to converging per capita emission rights. The quantitative analysis is based on simulations with the CGE model DART. The harmonized carbon tax tends to favor industrialized countries but is less favorable to developing countries. The welfare effects of a cap and trade system depend crucially on the allocation rule for emission rights. The "contraction and convergence" approach leads to welfare gains for countries like China, India and Subsaharan Africa whereas it imposes welfare losses upon industrialized countries which are larger than those under other cap and trade schemes or a tax scenario. Independent from the allocation rule that is used regions exporting fossil fuels experience strong welfare losses from the reduction in the demand for fossil fuels and the fall in prices that results from the imposition of the international climate policies.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1380
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject Q48
dc.subject Q52
dc.subject H22
dc.subject H23
dc.subject H87
dc.subject D58
dc.subject ddc:330
dc.subject ddc:330
dc.subject Post Kyoto
dc.subject Emission targets
dc.subject Emission trading
dc.subject Taxes
dc.subject Distribution
dc.subject Klimaschutz
dc.subject Umweltauflage
dc.subject Emissionshandel
dc.subject Ökosteuer
dc.subject Wohlfahrtseffekt
dc.subject Vergleich
dc.subject Wirtschaftspolitische Wirkungsanalyse
dc.subject Welt
dc.title Distribution matters: Taxes vs. emissions trading in post Kyoto climate regimes
dc.type doc-type:workingPaper


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