1992 · 22 citations · 0 references
Public AffairsEconomicsEnvironmental PolicyClimate Change MitigationClimate PolicyEnvironmental EconomicsCarbon Emissions ManagementGreenhouse Gas Emissions RegulationInternational Climate AgreementsInternational Climate PolicyInternational Environmental AgreementsMultilateral Environmental AgreementsCarbon DioxideCarbon Emissions Reduction AgreementsClimate Change AgreementsEmission Reduction CommitmentsEmissions Reduction TargetsGreenhouse Gas Mitigation CostsInternational Emissions Control AgreementsWorld Economy
This paper reports the results of several simulations with the OECD's GREEN model designed to quantify the economy-wide and global costs of a range of international agreements to curb carbon dioxide (CO2) emissions. Two particular aspects of international agreements are highlighted. The first is the issue of country coverage; this is examined by simulating an agreement among the OECD countries alone and then extending it to encompass action by the non-OECD countries too. The second is the quantification of the potential welfare gains to individual countries and the world economy as a whole from implementing cost-effective agreements, i.e. international agreements that take account of the principle that the emission reductions should be secured at minimum cost. (A) For the covering abstract see IRRD 866201.