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Cost-Effective Climate Policy in a Small Country

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  • Cathrine Hagem

Abstract

Unilateral action to curb CO2 emissions in a small country or a group of countries has only a limited effect on global CO2 emissions. However, it could be a first step toward a broader climate treaty. So far, unilateral commitments have been aimed at reducing national consumption of fossil fuels. A country that produces and consumes fossil fuels can also influence the global CO2 emissions by reducing its production. The estimated cost of reducing national CO2 emissions in Norway, through a reduction in fossil fuel consumption, is presented in a report from the Environmental Tax Committee (1992). In this paper, that cost is compared with an estimated cost of reducing fossil fuel production. The calculation reveals that it could be less costly to reduce the production than the consumption, given that the effect on global CO2 emissions is identical.

Suggested Citation

  • Cathrine Hagem, 1994. "Cost-Effective Climate Policy in a Small Country," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 119-140.
    • Handle: RePEc:aen:journl:1994v15-04-a06
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    References listed on IDEAS

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    1. Mohammed A. Al-Sahlawi, 1989. "The Demand for Natural Gas: A Survey of Price and Income Elasticities," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 77-90.
    2. Marian Radetzki, 1991. "Price prospects in Western Europe for internationally traded fossil fuels until 2000," Natural Resources Forum, Blackwell Publishing, vol. 15(4), pages 292-301, November.
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    Cited by:

    1. Taran Fæhn & Cathrine Hagem & Lars Lindholt & Ståle Mæland & Knut Einar Rosendahl, 2017. "Climate Policies in a Fossil Fuel Producing Country: Demand versus Supply Side Policies," The Energy Journal, , vol. 38(1), pages 77-102, January.
    2. Kverndokk,S. & Rosendahl,E., 2000. "CO2 mitigation costs and ancillary benefits in the Nordic countries, the UK and Ireland : a survey," Memorandum 34/2000, Oslo University, Department of Economics.

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    • F0 - International Economics - - General

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