• Beyond Kyoto : CO2 permit prices and the markets for fossil fuels 

      Lindholt, Lars (Discussion Papers;No. 258, Working paper, 1999)
      This paper analyses the markets for fossil fuels given that the limits that the Kyoto Protocol sets on CO2 emissions from Annex B countries extend beyond 2008-2012. To our knowledge we are the first to apply a forward-looking ...
    • Cap-and-Trade or carbon taxes? The feasibility of enforcement and the effects of non-compliance 

      Hovi, Jon; Holtsmark, Bjart (Discussion Papers;No. 436, Working paper, 2005)
      Abstract: One of the proposed alternatives to Kyoto’s cap-and-trade approach is a regime based on an internationally harmonized carbon tax. In this paper, we consider and compare the enforcement problems associated with ...
    • Carbon taxes and the petroleum wealth 

      Rosendahl, Knut Einar (Discussion Papers;No. 128, Working paper, 1994)
      The aim of this paper is to examine the impacts of a global carbon tax on fossil fuel markets. In particular, the effect on the Norwegian, as well as the global, petroleum wealth is studied. Most empirical models of fossil ...
    • Cutting costs of catching carbon : intertemporal effects under imperfect climate policy 

      Hoel, Michael; Jensen, Svenn (Discussion Papers; 639, Working paper, 2010)
      We use a two-period model to investigate intertemporal effects of cost reductions in climate change mitigation technologies for the power sector. With imperfect climate policies, cost reductions related to carbon capture ...
    • Does a renewable fuel standard for biofuels reduce climate costs? 

      Greaker, Mads; Hoel, Michael; Rosendahl, Knut Einar (Discussion papers;720, Working paper, 2012-12)
      Recent contributions have questioned whether biofuels policies actually lead to emissions reductions, and thus lower climate costs. In this paper we make two contributions to the literature. First, we study the market ...
    • Gains from cartelisation in the oil market 

      Berg, Elin; Kverndokk, Snorre; Rosendahl, Knut Einar (Discussion Papers;No. 181, Working paper, 1996)
      In this paper we ask whether OPEC still gains from cartelisation in the oil market despite low producer prices and a modest market share. We apply two intertemporal equilibrium models of the global oil market; one consisting ...
    • Global per capita CO2 emissions - stable in the long run? 

      Holtsmark, Bjart (Discussion Papers;No. 438, Working paper, 2005)
      Abstract: Global per capita CO2 emissions have been relatively stable during the last decades. It has been suggested that the Intergovernmental Panel on Climate Change (IPCC) and its scenario makers have ignored this ...
    • "Green National Product": Good Intentions, Poor Device? 

      Nyborg, Karine; Aaheim, Asbjørn (Discussion papers;103, Working paper, 1993-11)
      Quite a few economists have recently suggested that net national product should be adjusted for the value of environmental damages. One of the aims of such corrections is to establish a national income measure which is ...
    • Market power, international CO2 taxation and petroleum wealth 

      Berg, Elin; Kverndokk, Snorre; Rosendahl, Knut Einar (Discussion Papers;No. 170, Working paper, 1996)
      This paper studies the effects on fossil fuel prices, extraction paths and petroleum wealth of an international carbon tax on fossil fuel consumption. We present an intertemporal equilibrium model for fossil fuels, where ...
    • Optimal oil exploration under climate treaties 

      Berg, Elin; Kverndokk, Snorre; Rosendahl, Knut Einar (Discussion Papers;No. 245, Working paper, 1999)
      In this paper we focus on how an international climate treaty will influence the exploration of oil in Non-OPEC countries. We present a numerical intertemporal global equilibrium model for the fossil fuel markets. The ...
    • PPP-correction of the IPCC emission scenarios - does it matter? 

      Holtsmark, Bjart; Alfsen, Knut H. (Discussion Papers;No. 366, Working paper, 2004)
      Abstract: Ian Castles and David Henderson have criticized IPCC’s Special Report on Emissions Scenarios (SRES) (IPCC, 2000) for using market exchange rates (MER) instead of purchasing power parities (PPP) when converting ...
    • Stabilisation of CO2 concentrations: Mitigation scenarios using the Petro model 

      Kverndokk, Snorre; Lindholt, Lars; Rosendahl, Knut Einar (Discussion Papers;No. 267, Working paper, 2000)
      How to stabilise the CO2 consentration in the atmophere depends crucially on baseline assumptions of future economic growth, energy demand and supply techlogies etc. In this paper we investigate how different assumptions ...
    • The Kyoto Protocol without USA and Australia - with the Russian Federation as a strategic permit seller 

      Holtsmark, Bjart (Discussion Papers;No. 349, Working paper, 2003)
      Abstract: After the U.S. and Australian withdrawal from the Kyoto Protocol, and the extension of national quotas in the Bonn- and Marrakesh-agreements, meager environmental effects and a low price of emission permits is ...
    • The market power of OPEC 1973-2001 

      Hansen, Petter Vegard; Lindholt, Lars (Discussion Papers;No. 385, Working paper, 2004)
      Abstract: We apply a multi-equation dynamic econometric model on monthly data to test if the behaviour of OPEC as a whole or different sub-groups of the cartel is consistent with the characteristics of dominant producers ...
    • The Volatility of Oil Wealth under Uncertainty about Parameter Values 

      Brekke, Kjell Arne; Børing, Pål (Discussion papers;110, Working paper, 1994-04)
      Aslaksen et al. (1990) concluded that the petroleum wealth of Norway, and hence the permanent income from petroleum extraction, was as uncertain as the yearly oil revenues. Their conclusion was based on wealth estimates ...