Carbon Tax and International Emissions Trading: A Swiss Perspective
نویسندگان
چکیده
This paper assesses the economic impacts of the Swiss climate policy formulated under the Kyoto Protocol; the impacts on the carbon price, the welfare cost, and trade effects are examined. Our analysis is based on a multi-sectoral and multi-regional, computable general equilibrium (CGE) model of the world economy (GEMINI-E3) which includes a representation of the Swiss economy. The model is used to evaluate the economic costs incurred in reaching the Swiss emission target through a CO2 tax, and/or by joining a EU-wide emission trading regime. keywords: Kyoto Protocol, climate policy, carbon tax, international emissions trading, Switzerland, computable general equilibrium modeling. JEL Classification: D5, D6, F1, Q2, Q4
منابع مشابه
Carbon pricing versus emissions trading: A supply chain planning perspective
Carbon pricing (taxes) and carbon emissions trading are two globally practiced carbon regulatory policy schemes. This paper presents an analytical supply chain planning model that can be used to examine the supply chain performance at the tactical/operational planning level under these two policy schemes. Model implementation and analyses are completed using actual data from a company operating...
متن کاملEvaluating the Influence of Country Policy on Carbon Dioxide Emissions Tradings
In this paper, we consider carbon tax and emissions trading as the national policy against the global warming problem. The attitude of the United States, whether they join the international carbon dioxide emissions trading under the Kyoto Protocol or not, will bring a large influence on the global environment and the emissions trading. Therefore, we evaluate the influence on the revenue, the pr...
متن کاملInternational Emissions Trading Scheme and EUropean Emissions Trading Scheme : what linkages ?
Simultaneity between commitment periods (2008-2012) of International Emissions Trading (IET) scheme and EUropean Emissions Trading Scheme (EU-ETS) is likely to generate distortions in terms of burden’s distribution among sectors. There will be two levels of trading : a country and an entity level, which both need to be consistent with each other. Besides, features of these two “cap and trade" e...
متن کاملModeling and Policy Assessment of Carbon Tax and Emissions Trading for Preserving Global Environment
In this paper we formulate a dynamic model of a profit maximization problem for assessing quantitatively how the policy of carbon tax and emissions trading would be effective to achieve the targeted reduction of the Kyoto Protocol. Furthermore, we evaluate the influence of carbon tax and emissions trading on the economy in industry in a long-term view.
متن کاملEconomic Assessment of Carbon Tax policy: Applied Computable General Equilibrium Model
Unbalanced use of fossil fuels has made the environmental crisis as major challenge for governments. In the same methods, international and domestic institutions have designed and implemented various policies and plans to reduce greenhouse gas emissions, which are the cause of environmental pollution. One of the successful policies to reduce emissions is carbon tax policy. Considering the envir...
متن کامل