International Trade in Carbon Emission Rights: A Decomposition Procedure

International trade in carbon emission rights will be needed if economic efficiency is to be achieved. A decomposition procedure is used to quantify the potential for such trade in carbon emission rights. Computations are performed in parallel for 5 geopolitical regions. In the scenario presented, t...

Full description

Saved in:
Bibliographic Details
Published inThe American economic review Vol. 81; no. 2; pp. 135 - 139
Main Authors Manne, Alan S., Richels, Richard G.
Format Journal Article
LanguageEnglish
Published Menasha, Wis American Economic Association 01.05.1991
Subjects
Air pollution
Carbon
Carbon dioxide emissions
Carbon pricing
Carbon taxes
Carbon trading
Economic models
Economic theory
Economics
Emission standards
Environmental impact
Exports
Greenhouse effect
Greenhouse Warming
Importers
International relations
International trade
Lead
Manycountries
Net exports
Price vector
Rights
Studies
Trade regionalization
Online AccessGet full text

Cover

More Information
Summary:International trade in carbon emission rights will be needed if economic efficiency is to be achieved. A decomposition procedure is used to quantify the potential for such trade in carbon emission rights. Computations are performed in parallel for 5 geopolitical regions. In the scenario presented, the US and the Peoples' Republic of China would be major exporters of carbon rights. The USSR and Eastern Europe region would be an exporter during the initial years and an importer subsequently. The other 2 regions - the other Organization for Economic Cooperation & Development countries and the rest of the world - would be the major exporters. With no trade, it would cost the US about $1,700 billion in the 21st century to participate in the international carbon limitations program. With trade, the costs would be lowered by about $100 billion. The other regions would also benefit modeslty from trade.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-2
ObjectType-Feature-1
content type line 23
SourceType-Conference Papers & Proceedings-1
ObjectType-Conference-3
SourceType-Scholarly Journals-1
ISSN:0002-8282
1944-7981