|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||Global carbon trade and local externalities|
|Published in:||Swiss Journal of Economics and Statistics|
|Publisher / Ed. Institution:||Springer|
|Subjects:||Externality; Carbon; Trade|
|Subject (DDC):||363: Environmental and security problems|
|Abstract:||The burning of fossil fuels not only causes CO2 emissions but at the same time impairs local environmental condition such as ambient air quality. The present paper analyzes the distortion arising from international trade in carbon permits when local externalities persist. It is derived that the distortion is determined by the difference in factor endowment and population density of the trading regions. Moreover, an empirical illustration for Switzerland shows that a rich country buying emission rights sustains a welfare loss.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Organisational Unit:||Center for Energy and Environment (CEE)|
|Appears in collections:||Publikationen School of Management and Law|
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