Abstract
This paper assesses the economic impacts of the Swiss climate policy formulated under the Kyoto Protocol; the impacts on the carbon price, the welfare cost, and trade effects are examined. Our analysis is based on a multi-sectoral and multi-regional, computable general equilibrium (CGE) model of the world economy (GEMINI-E3) which includes a representation of the Swiss economy. The model is used to evaluate the economic costs incurred in reaching the Swiss emission target through a CO2 tax, and/or by joining a EU-wide emission trading regime.
The authors gratefully acknowledge the support of the NCCR-Climate. Helpful comments and suggestions have been provided by Martin Grosjean, Lukas Gutzwiller, Alain Haurie, Robert Krakowski, Maryse Labriet, and an anonymous referee. The views expressed herein, including any remaining errors, are solely the responsibility of the authors.
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Bernard, A., Vielle, M., Viguier, L. (2005). Carbon Tax and International Emissions Trading: A Swiss Perspective. In: Haurie, A., Viguier, L. (eds) The Coupling of Climate and Economic Dynamics. Advances in Global Change Research, vol 22. Springer, Dordrecht. https://doi.org/10.1007/1-4020-3425-3_11
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DOI: https://doi.org/10.1007/1-4020-3425-3_11
Publisher Name: Springer, Dordrecht
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