Climate Policies in a Fossil Fuel Producing Country - Demand Versus Supply Side Policies
Copyright policy )Climate Policies in a Fossil Fuel Producing Country - Demand Versus Supply Side Policies
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 analysed, 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 numerical results indicate that given a care for global emissions, and a desire for domestic action, about 2/3 of the emission reductions should come through supply side measures.
- Norwegian University of Life Sciences Norway
- Statistics Norway Norway
Q41, H23, VDP::Matematikk og Naturvitenskap: 400::Matematikk: 410::Statistikk: 412, supply side climate policies, Oil extraction, Supply side climate policies, JEL classification: Q54, climate policies, Climate policies; Carbon leakages; Oil extraction; Supply side climate policies; Demand side climate policies, Q54, ddc:330, JEL classification: H23, JEL classification: Q41, Demand side climate policies, demand side climate policies, oil extraction, Climate policies, Carbon leakages, climate policies, carbon leakages, oil extraction, supply side climate policies, demand side climate policies, carbon leakages, jel: jel:H23, jel: jel:Q41, jel: jel:Q54
Q41, H23, VDP::Matematikk og Naturvitenskap: 400::Matematikk: 410::Statistikk: 412, supply side climate policies, Oil extraction, Supply side climate policies, JEL classification: Q54, climate policies, Climate policies; Carbon leakages; Oil extraction; Supply side climate policies; Demand side climate policies, Q54, ddc:330, JEL classification: H23, JEL classification: Q41, Demand side climate policies, demand side climate policies, oil extraction, Climate policies, Carbon leakages, climate policies, carbon leakages, oil extraction, supply side climate policies, demand side climate policies, carbon leakages, jel: jel:H23, jel: jel:Q41, jel: jel:Q54
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