Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73920
Authors: 
Corong, Erwin L.
Year of Publication: 
2007
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 9.2007
Abstract: 
This paper analyzes the economic and poverty effects of a voluntary carbon emission reduction for a small liberalized economy—the Philippines. The simulation results indicate that tariff reductions undertaken by the Philippine government between 1994 and 2005 reduced the cost of fossil fuels thereby resulting in an increase in carbon emissions. The economic cost of reducing carbon emissions by imposing a carbon tax appears minimal as the reduction in consumer prices due to tariff reductions outweigh the increase in production cost from the imposition of a carbon tax. Overall results suggest that maintaining carbon emissions relative to 1994 levels appears to be a sensible alternative for the country
Subjects: 
Climate Change
Carbon Emissions
International Trade
Computable General Equilibrium
Micro-Simulation
Macro-Micro Models
Philippines
JEL: 
C68
D58
F18
I39
Q56
Document Type: 
Working Paper

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