The purpose of this paper is to assess and compare regional welfare costs associated with alternative multi-gas strategies for a stabilization of global greenhouse gases (GHG) emissions in the long run. Mitigation costs of non-CO2 greenhouse gases are integrated into a multi-region multi-country...

This paper analyses SO2, NOx, and CO2 emissions in three Eastern countries (Hungary, Poland and Russia) and in three OECD countries (France, the United Kingdom and the United States) for 1971-1994. The energy balances method is used to evaluate the emissions from major economic sectors. The...

Economic efficiency is a major argument for international emissions trading under the Kyoto Protocol. We show that permit trading can be welfare decreasing for countries, even though private trading parties benefit. The result is a case of "immiserizing" growth in the sense of Bhagwati where the...