Publication
Sep 2007
This paper looks at policy instruments for emissions reductions, comparing a harmonized international carbon tax to a cap and trade system with different allocation rules for the emission caps. It focuses on the international distribution of emissions and economic costs and their implications especially for developing countries. The authors find that for these, the tax scenario leads to higher welfare than the contraction and convergence scenario and to lower welfare than the grandfathering scenarios.
Download |
English (PDF, 26 pages, 178 KB) |
---|---|
Author | Sonja Peterson, Gernot Klepper |
Series | Kiel Institute Working Papers |
Issue | 1380 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2007 Kiel Institute for the World Economy |