umu.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Swedish industry and Kyoto:  An assessment of the effects of the European CO2emission permit trading system 
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM). Umeå University, Faculty of Social Sciences, Department of Economics. (Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå, Sweden)
Umeå University, Faculty of Social Sciences, Umeå School of Business. (Department of Forest Economics, Swedish University of Agricultural Sciences, Umeå, Sweden)
2007 (English)In: Energy Policy, ISSN 0301-4215, Vol. 35, no 9, 4749-4762 p.Article in journal (Refereed) Published
Abstract [en]

We assess the effects on Swedish industry input demands and output of different climate policy scenarios connected to energy policy induced by the Kyoto protocol. We use a unique dataset containing firm-level data on outputs and inputs between 1991 and 2001 to estimate a factor demand model, which we use to simulate different policy scenarios. Sector-specific estimation suggests that the proposed quadratic profit function specification exhibits properties and robustness that are consistent with economic theory; that is, all own-price elasticities are negative and all output elasticities are positive. Furthermore, the elasticities show that the input demands are, in most cases, relatively inelastic. Simulation of the model for six different policy scenarios reveal that effects on the Swedish base industry of a EU-level permit-trading system depends on (i) the removal or maintenance of the current CO2 tax, (ii) the price of permits, and (iii) the future price of electricity. Our analysis shows that changes in electricity price may be more important than the price of permits for some sectors.

Place, publisher, year, edition, pages
2007. Vol. 35, no 9, 4749-4762 p.
Keyword [en]
CO2-emissions, Factor demand, Tradable permit market
National Category
Economics
Research subject
Econometrics
Identifiers
URN: urn:nbn:se:umu:diva-16090DOI: 10.1016/j.enpol.2007.04.005OAI: oai:DiVA.org:umu-16090DiVA: diva2:155763
Available from: 2007-10-04 Created: 2007-10-04 Last updated: 2010-12-03Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Authority records BETA

Brännlund, RunarLundgren, Tommy

Search in DiVA

By author/editor
Brännlund, RunarLundgren, Tommy
By organisation
Centre for Regional Science (CERUM)Department of EconomicsUmeå School of Business
In the same journal
Energy Policy
Economics

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 141 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf