Oil monopoly and the climate
Authors:
Hassler, J., Krusell, P. and Olovsson, C.
Published in:
American Economic Review: Papers and Proceedings, Vol. 100, No.2, pp 460-464
Date:
May 2010
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Oil monopoly and the climate
Summary:
To answer questions about the policy implications of the impact of the burning of fossil fuels on welfare, a comprehensive and quantitative analysis of the two-way interaction between the economy, with its fossil fuel use, and the climate is necessary. In this paper we focus on a particular aspect of this interaction: the role played by the industrial organization in the oil-producing sector of the world. Without a clear understanding of the world market for oil, the consequences of taxes and other policy instruments cannot be evaluated.
Updated: 2011-05-18
Events
2012-05-23 – 2012-05-23
Mistra-SWECIA Science seminar: The effects of different energy sources and technological progress on climate change
Fossil energy and technological progress are two important factors that potentially influence climate change. Today, the main source of energy is fossil energy, and its use generates CO2-emissions with global warming as result. Technological progress can however improve the energy efficiency and potentially lead to the implementation of alternative clean energy sources that may partially or fully...