Economic Effects of Reducing Carbon Dioxide Emissions

Warwick McKibbin, David Pearce, Andrew Stoeckel

Research output: Book/ReportCommissioned reportpeer-review

Abstract

Prepared for the Australian Mining Industry Council, Canberra

Background: Despite some uncertainty, the potential for a harmful greenhouse effect - caused by, among other things, carbon dioxide emitted as a result of economic activity - has led governments to agree in principle to targeted reductions in carbon dioxide emissions...

This report: This report has a specific aim - to illustrate the economic effects of enforced reductions in the use of fuels which produce carbon dioxide. We do this by using an economic model to analyse the effects of domestic, OECD and world carbon taxes.

The model: The model used is the G-Cubed model developed by Warwick McKibbin and Peter Wilcoxen. (Some of the results presented here draw on McKibbin and Wilcoxen 1995.)...
Original languageEnglish
Place of PublicationCanberra
PublisherCentre for International Economics
Number of pages31
Publication statusPublished - Dec 1994

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