Environmental and economic impacts of a joint emissions trading scheme
by Duy Nong; Mahinda Siriwardana
International Journal of Global Energy Issues (IJGEI), Vol. 40, No. 3/4, 2017

Abstract: This paper examines the environmental and economic effects of six (European Union, Switzerland, Norway, New Zealand, South Korea and Kazakhstan) domestic national Emissions Trading Schemes (ETSs). We have extended the analysis to an international ETS among these schemes since their governments have shown an ambition to obtain a linked market and have been carrying out negotiations for many years towards that goal. We incorporated non-CO2 emissions into the GTAP-E model database and extended the model to estimate the impact of domestic ETSs and an international ETS. Our analysis provides detailed projections regarding emissions permits allocation and emissions fluctuations. The results indicate that emissions trading volumes are very small in both domestic and international ETS scenarios since Norway, Switzerland, New Zealand and Kazakhstan economies are very small compared with the European Union and South Korea. In addition, the results in the international ETS scenario do not differ greatly from domestic trading scenario. However, results indicate that emissions abatement takes place with the lowest cost through an international ETS setting.

Online publication date: Tue, 12-Sep-2017

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Global Energy Issues (IJGEI):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com