The Economics of Carbon Abatement: An Integrated Diagrammatic Framework
Author(s)
Guest, Ross
Griffith University Author(s)
Year published
2009
Metadata
Show full item recordAbstract
The aim of this article is to present the economics of carbon abatement in an integrated framework with application to key policy questions. While the core ideas are well known, the innovation here is to integrate the marginal costs and benefits of carbon abatement with the market for carbon permits in a diagrammatic framework. This framework is then used to analyse a range of issues in the public debate about carbon abatement and carbon trading schemes, such as special assistance for certain industries, tax concessions on particular carbon-intensive goods such as petrol, government subsidies for renewable energy, and the ...
View more >The aim of this article is to present the economics of carbon abatement in an integrated framework with application to key policy questions. While the core ideas are well known, the innovation here is to integrate the marginal costs and benefits of carbon abatement with the market for carbon permits in a diagrammatic framework. This framework is then used to analyse a range of issues in the public debate about carbon abatement and carbon trading schemes, such as special assistance for certain industries, tax concessions on particular carbon-intensive goods such as petrol, government subsidies for renewable energy, and the effects of uncertainty and technological change.
View less >
View more >The aim of this article is to present the economics of carbon abatement in an integrated framework with application to key policy questions. While the core ideas are well known, the innovation here is to integrate the marginal costs and benefits of carbon abatement with the market for carbon permits in a diagrammatic framework. This framework is then used to analyse a range of issues in the public debate about carbon abatement and carbon trading schemes, such as special assistance for certain industries, tax concessions on particular carbon-intensive goods such as petrol, government subsidies for renewable energy, and the effects of uncertainty and technological change.
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Journal Title
Economic Papers
Volume
28
Issue
2
Publisher URI
Subject
Applied economics
Environment and resource economics
Banking, finance and investment