Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107288
Authors: 
Fæhn, Taran
Hagem, Cathrine
Lindholt, Lars
Mæland, Ståle
Rosendahl, Knut Einar
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper 5105
Abstract: 
In absence of joint global climate action, several jurisdictions unilaterally restrict their domestic demand for fossil fuels. Another policy option for fossil fuel producing countries, not much explored, is to reduce own supply of fossil fuels. We explore analytically and numerically how domestic demand and supply side policies affect global emissions, contingent on market behaviour. Next, in the case of Norway, we find the cost-effective combination of the two types of policies. Our results indicate that given a care for global emissions, and a desire for domestic action, a majority of emission reductions should come through supply side measures.
Subjects: 
climate policies
carbon leakages
oil extraction
supply side climate policies
demand side climate policies
JEL: 
H23
Q41
Q54
Document Type: 
Working Paper

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