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GTAP Resources: Resource Display

GTAP Resource #3556

"Subglobal Climate Agreements and Energy-Intensive Activities: Is there a Carbon Haven for Copper?"
by Lanz, Bruno, Thomas Rutherford and John Tilton


Abstract
Subglobal climate policies induce changes in international competitiveness and favor a relocation of carbon-emitting activities. We argue that many energy-intensive activities are also capital-intensive, so that carbon policies could affect rents rather than abatement or location. Taking copper as an example, we formulate a plant-level spatial equilibrium model of the industry, and we estimate a set of elasticities to calibrate the behavioral parameters of the model. Given 2007 market conditions, Monte Carlo simulations suggest that a $50/tCO 2 tax in industrialized countries induces emissions reductions of less than one percent in the copper industry, with a mean emission leakage rate of 25%. Our results conform with empirical findings on the pollution haven effect but challenge projections from computable general equilibrium models.


Resource Details (Export Citation) GTAP Keywords
Category: 2011 Conference Paper
Status: Published
By/In: Presented at the 14th Annual Conference on Global Economic Analysis, Venice, Italy
Date: 2011
Version:
Created: Lanz, B. (4/14/2011)
Updated: Lanz, B. (4/14/2011)
Visits: 1,616
No keywords have been specified.


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