Title: Global carbon trade and local externalities
Authors : Schleiniger, Reto
Published in : Swiss journal of economics and statistics
Volume(Issue) : 140
Issue : 2
Pages : 245
Pages to: 264
Publisher / Ed. Institution : Springer
Issue Date: 2004
License (according to publishing contract) : Licence according to publishing contract
Type of review: Peer review (publication)
Language : English
Subjects : Externality; Carbon; Trade
Subject (DDC) : 363: Environmental and security problems
Abstract: The burning of fossil fuels not only causes CO2 emissions but at the same time impairs local environmental condition such as ambient air quality. The present paper analyzes the distortion arising from international trade in carbon permits when local externalities persist. It is derived that the distortion is determined by the difference in factor endowment and population density of the trading regions. Moreover, an empirical illustration for Switzerland shows that a rich country buying emission rights sustains a welfare loss.
Departement: School of Management and Law
Organisational Unit: Center for Energy and Environment (CEE)
Publication type: Article in scientific journal
ISSN: 2235-6282
0303-9692
URI: http://www.sjes.ch/papers/2004-II-4.pdf
https://digitalcollection.zhaw.ch/handle/11475/9657
Appears in Collections:Publikationen School of Management and Law

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