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GTAP Resource #3338

"The Impact on U.S. industries of Carbon Prices with Output Based Rebates"
by Adkins, Liwayway, Richard Garbaccio, Mun Ho, Eric Moore and Richard Morgenstern

The House of Representatives has passed a bill (Waxman-Markey) that would establish a cap-and-trade system and institute a number of other polices to reduce greenhouse gas (GHG) emissions in the United States. In order for this to become law, the U.S. Senate must pass a similar bill, the two bills must be reconciled, and the president must sign the final bill. A major point of controversy is the impact that these policies may have on U.S. industry, especially in the absence of an international agreement that includes all major GHG emitters. In this paper we use two methodologies to assess the short and longer run impacts of domestic climate policies on U.S. industries. The first methodology, input-output analysis, is used to assess the short run impacts. The second methodology, a global CGE model, based on GTAP data, is used to assess the longer run impacts. In addition to assessing the impacts of policies that establish a price for carbon in the U.S., we also examine the effects of additional policies, such as border measures, that have been proposed.

Resource Details (Export Citation) GTAP Keywords
Category: 2010 Conference Paper
Status: Published
By/In: Presented at the 13th Annual Conference on Global Economic Analysis, Penang, Malaysia
Date: 2010
Created: Garbaccio, R. (4/15/2010)
Updated: Garbaccio, R. (6/2/2011)
Visits: 1,830
- Domestic policy analysis
- Trade and the environment
- European Union
- Commonwealth of Independent States

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