Co2 Emission from Electric Utility and Kyoto Protocol: Study of Policy Analysis
28 Pages Posted: 16 Feb 2000
The purpose of this study is to analyze the basic issues of CO2 emission from electric utility in terms of marginal damages and marginal benefits. It clarified the disparity between social and private costs and examined how the Kyoto Protocol considering efficiency losses and gains that might be generated if the agreement enters into force. The neo-classical partial equilibrium demand and supply theory is used for measuring the magnitudes of the efficiency losses and gains. Ohio's electric utility is used as a paradigm to capture the entire nation's scenario of social loss that could be reduced domestically under different market and non-market bases options.
JEL Classification: D62, E13, Q0
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