Empirical Modeling of the Economy and the Environment by Christoph BöhringerEmpirical Modeling of the Economy and the Environment by Christoph Böhringer

Empirical Modeling of the Economy and the Environment

byChristoph BöhringerEditorAndreas Löschel, A. Lschel

Paperback | September 18, 2003

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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.
Title:Empirical Modeling of the Economy and the EnvironmentFormat:PaperbackDimensions:326 pages, 23.5 × 15.5 × 0.01 inPublished:September 18, 2003Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3790800783

ISBN - 13:9783790800784

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Table of Contents

C. B?hringer, A. L?schel: Introduction.- D.L. Millimet, Th. Osang: Environmental Regulation and Productivity Growth: An Analysis of U.S. Manufacturing Industries.- A. Mulatu et al.: Environmental Regulation and Competitiveness: An Exploratory Meta-Analysis.- H. Welsch: Trade, Technology, and Carbon Emissions: A CGE Analysis for West Germany.- M. Rauscher: Environmental Policies in Open Economies and Leakage Problems.- F. Wirl: Pollution Charges and Incentives.- Z.X. Zhang: An Economic Assessment of the Kyoto Protocol Using a Global Model Based on the Marginal Abatement Costs of 12 Regions.- C. Böhringer et al.: Sharing the Burden of Carbon Abatement in the European Union.- G. Stephan, G. Müller-Fürstenberger: Banking and Trade of Carbon Emission Rights: A CGE Analysis.- Z. Degraeve et al.: Cost-Efficiency Methodology for the Selection of New Car Emission Standards in Europe.- T. Requate: Commitment and Time Consistency of Environmental Policy and Incentives for Adoption and R&D.- R. Pethig: Ecological Tax Reform and Efficiency of Taxation: A Public Good Perspective.- K. Conrad: Optimal Intertemporal Pricing of Resource Stocks: The Case of Fossil Fuel Extraction and Atmospheric CO2 Deposits.- W. Buchholz: Balancing the Interests of the Present and the Future.