Presented by Belay Fekadu, Farzad Taheripour, Patrick Georges, David Mayer-Foulkes, Marianne Aasen, Hyun-Sik Chung, Kenatro Katsumata, Christa Clapp GTAP_E.

Slides:

Advertisements

Similar presentations

Copyright © 2006 Thomson Learning 9 Application: International Trade.

Advertisements

Microeconomics: An Integrated Approach

THE IMPLICATION OF ECONOMIC PARTNERSHIP AGREEMENT FOR ACP GROUPS A GENERAL E QUILIBRIUM A NALYSIS Alemnesh Angelo Adamu August 5,2013.

EC 936 ECONOMIC POLICY MODELLING LECTURE 5: MODELS OF TRADE AND TRADE POLICY: CGE PERSPECTIVES ON TRADE LIBERALIZATION.

Application: The Costs of Taxation

Carbon Emissions Trading

EC 936 ECONOMIC POLICY MODELLING LECTURE 8: CGE MODELS OF CLIMATE CHANGE.

Trade protectionism1 2 What is Protectionism? Trade protectionism is the policy that restricts the volume of ______ and, in particular, the volume of.

The impact of the rebound effect of first generation biofuel use in the EU on greenhouse gas emissions 17 th ICABR Conference, 19 June 2013 Edward Smeets,

Tutorial on Partial Equilibrium Modeling: Import Tariff by a Large Country Importer The Microeconomics of International Trade ECN 230 Roberto J. Garcia.

10 Externalities.

INTERNATIONAL ECONOMICS: THEORY, APPLICATION, AND POLICY;  Charles van Marrewijk, 2012; 1 Tariff, partial equilibrium Countries may restrict trade in.

Macroeconomics, International Economics, & Green Accounting How can macroeconomic & int’l policy affect the environment?

Analysis of CO 2 Abatement Strategies in China’s Electricity Sector Hu Junfeng ( 胡军峰 ) North China Electric Power University July, 2010.

The Environment. Content Market failure and the environment Markets and the environment Government policies and the environment: –Indirect taxes –Pollution.

Application: International trade

LECTURE #9: MICROECONOMICS CHAPTER 10

Ort, Datum Autor Economic and Environmental Effects of the EU Directive on Energy Tax Harmonization Katja Schumacher Presented at: International Energy.

GTAP-E Incorporating Energy Substitution into the GTAP Model.

Presented by Belay Fekadu, Farzad Taheripour, Patrick Georges, David Mayer-Foulkes, Marianne Aasen, Hyun-Sik Chung, Kenatro Katsumata, Christa Clapp GTAP_E.

Application: The Costs of Taxation Chapter 8 Figure 1 The Effects of a Tax Copyright © 2004 South-Western Size of tax Quantity 0 Price Price buyers pay.

International Trade and Investment Leakage Associated with Climate Change Mitigation Jean-Marc Burniaux (GTAP and OECD)

Presented by Belay Fekadu, Farzad Taheripour, Patrick Georges, David Mayer-Foulkes, Marianne Aasen, Hyun-Sik Chung, Kenatro Katsumata, Christa Clapp GTAP_E.

June GTAP Conference Purdue University Welfare Cost for Europe of Non Participation in the Market for Tradable Permits and Comparative Efficiency.

Applied General Equilibrium Models T.Huw Edwards Loughborough University.

Copyright©2004 South-Western 8 Applications: The Costs of Taxation.

Nations and firms in the global economy; Cambridge University Press, 2006© Charles van Marrewijk, 2005; 1 Tariff, partial equilibrium; 1 Countries may.

Principles of Microeconomics 10. Introduction to Market Failures*

Figure 8.2 How a Competitive Firm Maximizes Profit

Market Interventions chapter 15

Supply-Side Economics Personal Income Tax Cuts—Designed to Increase Labor Supply Reduction in tax rate (t). Review chapter 10. Business Tax Cuts—Designed.

Integrated Environmental-Economic Accounts for Tradeable Carbon Dioxide Emission Permits Thomas Olsen, Statistics Denmark Conference on Climate Change,

1 Evaluating Climate Change Impacts: an Integrated Approach Marco Lazzarin and Francesco Bosello Trieste, 09/07/03.

1 E-Modeling By: Energy Group Advisors: Mark Gehlhar Thomas Hertel and Robert McDouglas.

CGE Analysis of Border Tax Adjustments for Imported/Exported Steel Products Masato YAMAZAKI National Institute of Advanced Industrial Science and Technology,

Choice of Policy Measures in Annex B Countries and Impacts on Non-Annex B Countries Workshop on Mitigation of Climate Change Socio-Economic Impacts of.

Questions on Green Taxes

Shale gas boom, trade, and environmental policies: Global economic and environmental analyses in a multidisciplinary modeling framework Farzad Taheripour,

Worldwide CO2 Trade without US Jan Gilbreath and Rahi Abdula.

October 7, Class Outline Christi Miller, Canadian Youth Business Foundation News Story of the Day -

Analysis of Protectionist Trade Policies in Agriculture Dr. George Norton Agricultural and Applied Economics Virginia Tech Copyright 2008 AAEC 3204.

Trade and welfareslide 1 S D Q P Q* P* = $1 The diagram below shows the U.S. domestic market for water. No trade is taking place. WATER MARKET.

TAXATION The Effect of Taxation on Economic Welfare.

GTAP-E From GTAP technical paper 16 Jean-Marc Burniaux and Truong Truong.

Figure 8.2 The Gains from Free Trade at Home Feenstra and Taylor: International Economics, First Edition Copyright © 2008 by Worth Publishers.

Working an example of Market Power Generated Deadweight Loss Market Power that changes equilibrium can lead to the generation of Deadweight Loss that persists.

The Economic Implication of Taxes PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.

Copyright © 2006 Thomson Learning 8 Application: The Costs of Taxation.

Presented by Belay Fekadu, Farzad Taheripour, Patrick Georges, David Mayer-Foulkes, Marianne Aasen, Hyun-Sik Chung, Kenatro Katsumata, Christa Clapp GTAP_E.

Welfare Impacts of Agri-Environmental Policies in an Open Economy: A Numerical General Equilibrium Framework by: Farzad Taheripour Madhu Khanna Carl Nelson.

1 Economics of The European 2020 Climate Goals Torben K. Mideksa Center for International Climate and Environmental Research - Oslo [CICERO] April 18,

Climate Policy and Green Tax Reform in Denmark Some conclusions from the 2009 report to the Danish Council of Environmental Economics Presentation to the.

9 Application: International Trade. The World Price and Comparative Advantage The effects of free trade can be shown by comparing the _________ price.

World Regional Geography Unit I: Introduction to World Regional Geography Lesson 4: Solutions to Global Warming Debate.

 Charles van Marrewijk Tariff, partial equilibrium; 1 Countries may restrict trade in several ways. For example, they may Impose a 100 Euro tax per imported.

Carbon Emissions Trading

Comparative Advantage and International Trade

UK Policy Applications of the Environmental Accounts

GTAP_E Presented by Belay Fekadu, Farzad Taheripour, Patrick Georges, David Mayer-Foulkes, Marianne Aasen, Hyun-Sik Chung, Kenatro Katsumata, Christa Clapp.

Outline Energy demand and prices Reserves and new sources of energy supply.

Worldwide CO2 Trade without US Jan Gilbreath and Rahi Abdula

Application: The Costs of Taxation

International Trade Economics 101.

Don Fullerton (Texas) Andrew Leicester (IFS) Stephen Smith (UCL & IFS)

The Effects of a Tariff... Tariffs are taxes on imported goods.

Applications of Welfare

The Welfare Effects of Import Tariff and Quota: “Small” Country

International Trade Economics 101.

Application: The Costs of Taxation

AN IMPORT QUOTA IS IMPOSED

Presentation transcript:

Presented by Belay Fekadu, Farzad Taheripour, Patrick Georges, David Mayer-Foulkes, Marianne Aasen, Hyun-Sik Chung, Kenatro Katsumata, Christa Clapp GTAP_E

2 Presentation Outline GTAP Energy Application (GTAP-E) –Theoretical Structure –Three experiments: Emission quota with no emission trading Emission quota with emission trading among annex 1 (USA, JPN,FSU,EU, RoA1) Emission quota with worldwide emission trading –New experiments: Annex 1 without USA Emission targets Energy Substitution possibilities Carbon tax and tax replacement effect

3 GTAP Energy Application (GTAP-E) It focuses on the economic and environmental impacts of energy-environmental policies GTAP-E follows the standard GTAP structure with some modifications and additions such as: –Emission accounting –Emission permits and emission trading mechanisms –Carbon taxation –Production structure and substitution between energy and capital

4 Main Results of Three Existing Experiments CountryNo Emissions Trading Emission trading among annex 1 countries Worldwide Emission trading % Reduction in emissions 1997 USD/tonne of carbon % Reduction in emissions 1997 USD/tonne of carbon % Reduction in emissions 1997 USD/tonne of carbon USA EU EEFSU JPN RoA EEx CHIND RoW

5 Annex 1 without USA

6 Emissions targets

7 Energy Substitution Possibilities

8 Tax Replacement Implications Environmental regulation in the presence of distortionary taxes: –Environmental taxes may improve welfare, if tax revenues are used to cut pre existing distortionary taxes (Tullock, 1967). Environmental regulation in an open economy: –Environmental taxes generates a term of trade effect. The terms of trade effect can be either positive or negative depends on the demand and supply elasticities (. Krutilla (1991).

9 Tax Replacement Implication (Cont’d) Revenue Recycling Effect P X PMC PMC + t X1X2Q*Q* QL P Pc Deadweight loss of preexisting tax Pollution tax and government revenuesUsing pollution taxes to cut the preexisting tax The government revenues Pp

10 Tax Replacement Implications (Cont’d) Results WELFARE Carbon Tax Carbon Tax + Import Tariff alloc_A1 tot_E1 alloc_A1 tot_E1 1 USA EU EEFSU JPN RoA EEx CHIND RoW Total

11 Tax Replacement Implications (Cont’d) Results gco2tCarbon TaxCarbon Tax + Import Tariff 1 USA EU EEFSU JPN RoA EEx CHIND RoW

12 Tax Replacement Implications (Cont’d) Results

13 Concluding Comments