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Welfare Gains under Tradeable CO₂ Permits

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  • Karp, Larry S.
  • Liu, Xuemei

Abstract

Most environmentalists favor the reduction in CO2 emissions but oppose international trade in emissions permits Although economic theory provides a strong case in favor of trade in permits) there is little empirical evidence of the size of potential benefits. We estimate the benefits of this trade for OECD countries.

Suggested Citation

  • Karp, Larry S. & Liu, Xuemei, 1999. "Welfare Gains under Tradeable CO₂ Permits," CUDARE Working Papers 6254, University of California, Berkeley, Department of Agricultural and Resource Economics.
    • Handle: RePEc:ags:ucbecw:6254
    DOI: 10.22004/ag.econ.6254
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    References listed on IDEAS

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    Environmental Economics and Policy;

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