The Supply Side of CO2 with Country Heterogeneity

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Hoel, Michael




The Scandinavian Journal of Economics

vol 113(4), 846-865

Sammendrag (engelsk)

Several recent articles have analyzed climate policy, paying explicit attention to the fact that carbon resources are non-renewable. In most of this body of literature, the economy is treated as a single unit and, in the context of climate policy, it seems reasonable to interpret this as the whole world. However, carbon taxes and other climate policies differ substantially across countries. With such heterogeneity, the effects on the emission paths of changes in taxes, costs, and subsidies might be very different from what is found for a hypothetical world of identical countries.


Climate change; exhaustible resources; green paradox; renewable energy


Q41; Q42; Q54; Q58

Prosjekt info:

Oppdragsgiver: Norges forskningsråd, PETROSAM
Oppdragsgivers prosjektnr.: 184739
Frisch prosjekt: 3162 - Petroleum industry research in economics and economic management