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dc.contributor.author
Borissov, Kirill
dc.contributor.author
Bretschger, Lucas
dc.date.accessioned
2019-05-28T11:55:39Z
dc.date.available
2018-10-11T07:47:04Z
dc.date.available
2018-10-11T08:04:25Z
dc.date.available
2019-01-16T11:31:47Z
dc.date.available
2019-05-28T11:55:39Z
dc.date.issued
2018-10
dc.identifier.uri
http://hdl.handle.net/20.500.11850/294528
dc.identifier.doi
10.3929/ethz-b-000294528
dc.description.abstract
We derive the optimal contributions to global climate policy when countries differ with respect to income level and pollution intensity. Countries' growth rates are determined endogenously, and abatement efficiency is improved by technical progress. We show that country heterogeneity has a crucial impact on optimal policy contributions: more developed countries have to make a larger effort while less developed countries are allowed to graduate under a less stringent environmental regime. The optimal allocation of pollution permits depends on international trade. In the absence of international permit trade, more developed countries should receive more permits than the less developed countries but permit prices are higher in the rich countries. With international permit trade, more developed countries receive less permits thanthe less developed. When global distribution of physical capital is uneven and the aggregate pollution ceiling is low, poor countries receive all the permits and incomes do not converge, even with free trade.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Climate policy
en_US
dc.subject
Growth
en_US
dc.subject
Abatement efficiency
en_US
dc.subject
Policy convergence
en_US
dc.title
Optimal carbon policies in a dynamic heterogenous world
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
dc.date.published
2018-10-11
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
18/297
en_US
ethz.size
29 p.
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q4 - Energy::Q43 - Energy and the Macroeconomy
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q4 - Energy::Q47 - Energy Forecasting
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q56 - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q4 - Energy::Q41 - Demand and Supply; Prices
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / Bretschger, Lucas
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03635 - Bretschger, Lucas / Bretschger, Lucas
en_US
ethz.relation.isPreviousVersionOf
10.3929/ethz-b-000564878
ethz.date.deposited
2018-10-11T07:47:06Z
ethz.source
FORM
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2018-10-11T08:04:29Z
ethz.rosetta.lastUpdated
2019-05-28T11:55:51Z
ethz.rosetta.exportRequired
false
ethz.rosetta.versionExported
true
ethz.COinS
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