Template-Type: ReDIF-Article 1.0
Author-Name:  Adrian Cooper
Author-Name:  Scott Livermore
Author-Name:  Vanessa Rossi
Author-Name:  Alan Wilson 
Author-Name:  John Walker
Title:  The Economic Implications of Reducing Carbon Emissions
Classification-JEL: F0
Pages:  335-365
Volume:  Volume 20
Issue:  Special Issue
Year:  1999
Abstract:  This paper presents the results of a series of simulations analysing the implications of measures to reduce carbon emissions in Annex 1 countries, conducted using the Oxford Global Macroeconomic and Energy Model. It shows that the GDP costs of reducing carbon emissions vary significantly across countries and that the cost depends on a number of critical factors including energy intensity, the rise in emissions in the base case and the amount of coal used especially in electricity generation. Moreover, it illustrates that a combination of macroeconomic rigidities and monetary policy responses to higher energy prices means that the output losses are likely to be substantial in the years immediately following the introduction of a carbon tax or similar emissions abatement policy.
Handle: RePEc:aen:journl:1999si-a13
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=1052
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