Stephan, Gunter; Müller-Fürstenberger, Georg (July 2001). Does Distribution Matter? When Flexibility and Pareto-Efficiency in Greenhouse Gas Abatement (Diskussionsschriften 01-02). Bern: Universität Bern Volkswirtschaftliches Institut
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This paper analyses banking and borrowing of carbon emission rights within the framework of a simple, integrated assessment model. Breaking the world economy in just two regions it will be shown: (1) Increasing when-flexibility in greenhouse gas abatement through banking and borrowing of carbon emission permits has a positive effect on welfare for regions with a poor endowment in carbon emission rights, but negatively affects rich-endowed regions. (2) Intergenerational fairness advocates intertemporal flexibility in greenhouse gas abatement, irrespectively of the initial allocation of carbon right. (3) Changing the degree of whenflexibility has only a small impact on global climate damages. (4) This is in contrast to the observation that the initial allocation of carbon emission rights has a significant impact on atmospheric carbon.
Item Type: |
Working Paper |
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Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Economics 03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics > Microeconomics 03 Faculty of Business, Economics and Social Sciences > Department of Economics > Institute of Economics |
UniBE Contributor: |
Stephan, Gunter, Müller-Fürstenberger, Georg |
Subjects: |
300 Social sciences, sociology & anthropology > 330 Economics |
Series: |
Diskussionsschriften |
Publisher: |
Universität Bern Volkswirtschaftliches Institut |
Language: |
English |
Submitter: |
Aline Lehnherr |
Date Deposited: |
15 Apr 2020 11:51 |
Last Modified: |
05 Dec 2022 15:37 |
JEL Classification: |
Q4, F2 |
BORIS DOI: |
10.7892/boris.142427 |
URI: |
https://boris.unibe.ch/id/eprint/142427 |
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