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What will happen to the producer prices for fossil fuels if Kyoto is implemented?
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Social Sciences.ORCID iD: 0000-0002-7996-6136
2002 (English)In: Energy Policy, ISSN 0301-4215, E-ISSN 1873-6777, Vol. 30, no 5, p. 357-369Article in journal (Refereed) Published
Abstract [en]

Implementation of the Kyoto commitments will result in lesser global fossil fuel consumption in 2010 than would occur in the absence of climate policy. The paper explores how the consumption change resulting from climate policy implementation could affect the producer prices of fossil fuels. The conclusion is that the price impact will be insignificant if the climate policy goals are established credibly and in the near future, for that will give rationally behaving fossil fuel producers ample time to adjust production capacity to the changed outlook for future demand. It is argued that as long as capacity develops in line with demand, prices should remain the same. irrespective of the speed and direction of demand change.

Place, publisher, year, edition, pages
2002. Vol. 30, no 5, p. 357-369
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:ltu:diva-13751DOI: 10.1016/S0301-4215(01)00103-3ISI: 000174614800001Scopus ID: 2-s2.0-0036537117Local ID: d0b0fe20-c1c5-11db-9ea3-000ea68e967bOAI: oai:DiVA.org:ltu-13751DiVA, id: diva2:986704
Note
Validerad; 2002; 20070221 (ysko)Available from: 2016-09-29 Created: 2016-09-29 Last updated: 2018-07-10Bibliographically approved

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Radetzki, Marian

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