ITEM METADATA RECORD
Title: Climate change policy in european countries and its effects on industry
Authors: Proost, Stef
Van Regemorter, Denise
Issue Date: 2003
Publisher: KU Leuven CES
Series Title: Working Papers vol: ETE WP 2003-05 pages:1-24
Abstract: In this paper we discuss the effects of different climate change policies on industrial activity. We compare the effects of carbon taxes, grandfathered permits, technology
standards and voluntary agreements. We survey first the insights from economic theory and from model experiments for the US. Next we use a general equilibrium model, to
assess the effect of different climate change policies on industrial activity per sector and per member country in the EU. We pay particular attention to the effects of policies where EU member states exempt their energy-intensive sectors from abatement efforts.
The main findings are that, in the EU, the effects on industrial activity and the welfare costs of carbon abatement policies that use tradeable permits or carbon taxes are small when no industrial sectors are exempted. When one member country exempts its energy
intensive sector, this will have a small positive impact on its activity level but will generate an extra welfare cost for the EU.
Publication status: published
KU Leuven publication type: IR
Appears in Collections:Research Center of Energy, Transport and Environment, Leuven
KU Leuven Energy Institute

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