Template-Type: ReDIF-Article 1.0
Author-Name:  Taran Fæhn, Cathrine Hagem, Lars Lindholt, Ståle Mæland, and Knut Einar Rosendahl
Title:  Climate policies in a fossil fuel producing country  demand versus supply side policies
Classification-JEL: F0
Volume:  Volume 38
Issue:  Number 1
Year:  2017
Abstract:  In absence of joint global climate action, several jurisdictions unilaterally restrict their domestic demand for fossil fuels. Another policy option for fossil fuel producing countries, not much analysed, is to reduce own supply of fossil fuels. We explore analytically and numerically how domestic demand and supply side policies affect global emissions, contingent on market behaviour. Next, in the case of Norway, we find the cost-effective combination of the two types of policies. Our numerical results indicate that given a care for global emissions, and a desire for domestic action, about 2/3 of the emission reductions should come through supply side measures. 
Handle: RePEc:aen:journl:ej38-1-Faehn
File-URL: http://www.iaee.org/en/publications/ejarticle.aspx?id=2853
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