February 28, 2007
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Published July 1988 through June 1999
FROM VOLUME 7, NUMBER 5, MAY 1994
PROFESSIONAL PUBLICATIONS... OF GENERAL INTEREST: POLICY AND ECONOMICS
The following three articles are part of a special section on
environment and energy conservation in The Energy J., 15(1),
Costs of Stabilizing Global CO2 Emissions: A Probabilistic Model
Based on Expert Judgments," A.S. Manne (Dept. Operations
Res., Stanford Univ., Stanford CA 94305), R.G. Richels, ibid.,
Policy makers need information on the range and relative
likelihood of possible outcomes, but previous analyses have made
no attempt to assign probabilities to various scenarios. This
study uses such estimates to project an annual cost of between
0.2 and 6.8 percent of gross world product; expected cost is 1.5
Trade in Oil, Gas and Carbon Emission Rights: An Intertemporal
General Equilibrium Model," A.S. Manne (address immed.
above), T.F. Rutherford, ibid., 57-76.
Employs a five-region model to explore three related issues:
the impact of carbon limits on future oil prices; the problem of
"leakage," which arises if the OECD countries were to
adopt unilateral emission limits; and gains from trade in carbon
emission rights. The near- and long-term impacts of carbon limits
are likely to differ.
Climate Treaty and the Norwegian Economy: A CGE Assessment,"
A. Brendemoen (Statistics Norway, P.B. 8131 Dep, 0033 Oslo 1,
Norway), H. Vennemo, ibid., 77-94.
Results from a disaggregate computable general equilibrium
model suggest that CO2 emissions will decrease compared to the
current level. The distributional impacts are modest, and
increases in secondary benefits recoup almost one half of the
loss in private consumption.
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