Details
- Identification
- DOI: 10.2873/924733, ISBN 978-92-68-13116-9
- Part of collections
- Publication date
- 28 February 2024
- Authors
- Loick Dubois | Jean-Guillaume Sahuc | Gauthier Vermandel
Description
We study the general equilibrium effects of carbon permit banking during the transition to a climate-neutral economy by 2050. To this end, we develop and estimate an environmental real business cycle model for the European Union, in which the business sector is regulated by an emission trading system.
Files
A General Equilibrium Approach to Carbon Permit Banking