期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2007
卷号：1
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：The burden sharing of pollution abatement costs raises the issue of how to
share the costs between entities (country, region or industry) and how the
pollution permits should be distributed between the parties involved. This
paper explores this issue in the framework of a dynamic endogenous growth 2
sectors ¨C 2 regions ¨C 2 inputs Heckscher-Ohlin model of a small open multiregional
economy with an international tradable permits market. Given an
"emission-based grand-fathering" sharing rule, capital accumulation is more
negatively affected by the environmental policy in the energy intensive sector.
We show that such a property does not necessarily hold with a "productionbased
grand-fathering" sharing rule. We also show that the impact on capital is
likely to translate into the sectoral added value level after some time, specially
if the economy is submitted to an increasingly constraining environmental
policy driving up the ratio price of permits to price of energy. Finally, we show
that the impact of environmental policy at the regional level depends crucially
on the specialization of the region along the baseline.
