Scandinavian Working Papers in Economics
Memorandum,
Oslo University, Department of Economics
No 08/2011: The supply side of CO2 with country heterogeneity
Michael Hoel ()
Additional contact information
Michael Hoel: Dept. of Economics, University of Oslo, Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Abstract: Several recent articles have analyzed climate policy giving explicit attention to the nonrenewable character of carbon resources. In most of this literature the economy is treated as a single unit, which in the context of climate policy seems reasonable to interpret as the whole world. However, carbon taxes and other climate policies differ substantially across countries. With such heterogeneity, the effects on emission paths of changes in taxes, costs and subsidies may be very different from what one …finds for a hypothetical world of identical countries.
Keywords: climate change; exhaustible resources; renewable energy; green paradox
JEL-codes: Q31; Q41; Q42; Q54; Q58
26 pages, April 28, 2011
Full text files
Memo-08-2011.pdf
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