One-parameter GHG emission policy with R&D-based growth

Palokangas T (2014). One-parameter GHG emission policy with R&D-based growth. In: Dynamic Optimization in Environmental Economics. Eds. Tragler, E. Moser, W. Semmler, G. & Veliov, V.M., pp. 111-126 Berlin/Heidelberg: Springer Verlag. ISBN 978-3-642-54085-1 DOI:10.1007/978-3-642-54086-8_5.

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Abstract

This document examines the GHG emission policy of regions which use land, labor and emitting inputs in production and enhance their productivity by devoting labor to R&D, but with different endowments and technology. The regions also have different impacts on global pollution. The problem is to organize common emission policy, if the regions cannot form a federation with a common budget and the policy parameters must be uniform for all regions. The results are the following. If a self-interested central planner allocate emission caps in fixed proportion to past emissions (i.e. grandfathering), then it establishes the Pareto optimum, decreasing emissions and promoting R&D and economic growth.

Item Type: Book Section
Research Programs: Advanced Systems Analysis (ASA)
Bibliographic Reference: In: E. Moser, W. Semmler, G. Tragler and V.M. Veliov (Eds); Dynamic Optimization in Environmental Economics; Springer Verlag, Berlin/Heidelberg, Germany pp.111-126 (2014)
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Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:51
Last Modified: 23 Aug 2016 12:27
URI: http://pure.iiasa.ac.at/11065

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