Authors
Adam Rose, Brandt Stevens, Jae Edmonds, Marshall Wise
Publication date
1998/7
Journal
Environmental and Resource Economics
Volume
12
Pages
25-51
Publisher
Kluwer Academic Publishers
Description
ne of the major obstacles to reaching a comprehensive agreement on global warming is the setting of greenhouse gas emission reduction targets for individual countries. Long-standing tensions between industrialized and developing countries have raised the issue of equity in burden-sharing. Moreover, individual industrialized nations have pleaded special circumstances and have sought differentiation in their obligations. This paper analyzes alternative rules for distributing tradable carbon dioxide emissions permits. A non-linear programming model, which distinguishes between allocation-based and outcome-based rules, is used to analyze the relative welfare outcomes. The model is applied to the world body of nations and yields several important policy implications.
Total citations
Scholar articles
A Rose, B Stevens, J Edmonds, M Wise - Environmental and Resource Economics, 1998