Timilsina, Govinda R.2012-03-302012-03-302009Climate Policy14693062https://hdl.handle.net/10986/4980This study examines the economic and environmental implications of a unique Clean Development Mechanism (CDM) scheme in which a non-Annex B country (Thailand) introduces a carbon tax and exports the resulting emission mitigation as certified emission reductions (CERs). A general equilibrium model for Thailand has been developed for analysing this carbon tax-cum-CDM (CT-CDM) policy. The study finds that, unlike a carbon tax policy, the CT-CDM policy could increase economic welfare in Thailand, depending on CER price and schemes of recycling carbon tax- and CER-revenue to the economy. The CT-CDM policy is found to increase economic welfare at a very low CER price (US$55/tCO2).ENCountry and Industry Studies of Trade F140Taxation and Subsidies: ExternalitiesRedistributive EffectsEnvironmental Taxes and Subsidies H230Economic Development: AgricultureNatural ResourcesEnergyEnvironmentOther Primary Products O130International Linkages to DevelopmentRole of International Organizations O190ClimateNatural DisastersGlobal Warming Q540Environmental Economics: Government Policy Q580Journal ArticleWorld Bank