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research article
On the climate change effects of high oil prices
2007
Some commentators claim that the oil market has achieved within a few months what international bureaucrats have struggled to obtain in a decade of international climate negotiations. The fallacy of the oil price argument is that substitutions and income effects that would result from higher oil prices are not considered. Using a computable general equilibrium model, we show that high oil prices cannot serve as substitutes for effective climate policies.
Type
research article
Web of Science ID
WOS:000244170000009
Authors
Publication date
2007
Published in
Volume
35
Issue
2
Start page
844
End page
849
Peer reviewed
REVIEWED
Written at
OTHER
EPFL units
Available on Infoscience
February 8, 2008
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