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Measuring Growth-CO2 Emission Trade-offs for Climate Change Responses and Compensation Policies: The Case of Korea

Tran, Van Hoa (2011) Measuring Growth-CO2 Emission Trade-offs for Climate Change Responses and Compensation Policies: The Case of Korea. Korea and the World Economy, 12 (2). pp. 399-423. ISSN 1598-2750

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Abstract

In response to growing concerns about global warming and climate change, numerous energy scenario or CGE models have been developed worldwide to provide alerts, mitigation, adaptation, financial and sustainability policy options (IPCC, 2010; UNFCCC, 2010). In the case of Korea, limited work on national action plans and mitigation policies has also been reported (Oh, 2008; Yoo, 2008). However, rigorous economic analysis of the trade-off between CO2 emissions and economic growth for credible climate change policies is still limited globally (Stern, 2004; Ruijven et al., 2008). To improve analysis, debate and policies in this field with Korea as a special case-study, the paper develops a new top down endogenous growth-CO2 multi-equation model with an endogenous environmental Kuznets curve to provide robust empirical findings on the trade-off and subsequent credible responses and compensation policies. The outcomes are useful to global warming researchers, climate change negotiators, and national policy-makers. JEL

Item Type: Article
Uncontrolled Keywords: ResPubID24464, economic growth, CO2 emissions, endogenous growth, trade theory, econometric modelling, forecasts, climate change responses, climate change policy
Subjects: FOR Classification > 0502 Environmental Science and Management
FOR Classification > 1402 Applied Economics
SEO Classification > 970114 Expanding Knowledge in Economics
Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Depositing User: VUIR
Date Deposited: 02 Oct 2012 02:09
Last Modified: 02 Oct 2012 02:09
URI: http://vuir.vu.edu.au/id/eprint/9457
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