Table B5: Results on oil market,...

Table B5:

Results on oil market, leakage, and adjustment costs under fourfold (US_4) and eightfold (US_8) supply elasticities for oil and gas in the US.

	EU		EU×USA		OECD		EU×USA×CHN		OECD×CHN
	COM	DOM	COM	DOM	COM	DOM	COM	DOM	COM	DOM
Oil market^*
Crude oil price	−0.72	−0.06	−1.27	−0.42	−1.93	−0.88	−1.15	−0.59	−1.67	−0.97
OPEC supply	− 0.12	−1.75	−0.37	−2:50	−0:60	−3.20	−0.40	−1.85	−0.58	−2.40
Non-OPEC supply	−0.70	−0.17	−1.75	−0.61	−2.70	−1.30	−1.53	−0.78	−2.27	−1.33
Coalition consumption	−5.32	−5.27	−4.22	−4.47	−4.34	−4.66	−2.97	−3.18	−3.06	−3.33
Non-Coalition consumption	0.71	0.36	0.96	0.52	1.44	0.87	0.87	0.56	1.27	0.86
Leakage^**
Total leakage	18.0	15.3	7.7	6.5	7.1	6.2	3.9	3.5	3.5	3.1
Coal leakage	7.2	7.3	3.6	3.6	3.6	3.6	2.0	2.0	1.8	1.8
Gas leakage	4.6	5.0	1.7	1.7	1.5	1.5	0.8	0.8	0.8	0.8
Oil leakage	6.2	3.0	2.5	1.2	2.0	1.1	1.2	0.7	0.9	0.5
Adjustment costs^***
Global	0.11	0.12	0.11	0.14	0.16	0.19	0.10	0.12	0.14	0.16
Coalition	0.24	0.24	0.12	0.14	0.14	0.16	0.11	0.12	0.12	0.13
OPEC	0.42	0.64	0.54	0.88	0.82	1.26	0.48	0.75	0.70	1.05
ROW	0.03	0.04	0.06	0.7	0.13	0.13	0.05	0.05	0.12	0.11
Oil market^*
Crude oil price	−0.63	−0.26	−0.98	−0.27	−1.56	−0.60	−0.92	−0.40	−1.37	−0.68
OPEC supply	−0.08	−1.20	−0.24	−2.35	−0.43	−3.20	−0.29	−1.90	−0.44	−2.55
Non-OPEC supply	−0.81	−0.15	−2.06	−0.83	−3.09	−1.47	−1.78	−0.87	−2.59	−1.39
Coalition consumption	−5.35	−5.32	−4.30	−4.52	−4.45	−4.75	−3.05	−3.25	−3.16	−3.43
Non-Coalition consumption	0.67	0.47	0.83	0.47	1.28	0.77	0.77	0.49	1.14	0.74
Leakage^**
Total leakage	17.7	16.2	7.4	6.4	6.9	6.1	3.8	3.4	3.5	3.1
Coal leakage	7.2	7.3	3.6	3.6	3.6	3.6	2.0	2.0	1.8	1.8
Gas leakage	4.6	4.9	1.7	1.8	1.5	1.5	0.8	0.8	0.8	0.8
Oil leakage	5.8	4.0	2.2	1.0	1.8	0.9	1.1	0.6	0.8	0.5
Adjustment costs^***
Global	0.11	0.12	0.12	0.14	0.16	0.19	0.10	0.12	0.14	0.17
Coalition	0.24	0.24	0.13	0.15	0.15	0.17	0.11	0.13	0.12	0.14
OPEC	0.39	0.55	0.43	0.76	0.68	1.12	0.39	0.67	0.59	0.96
ROW	0.03	0.04	0.06	0.07	0.13	0.12	0.05	0.05	0.12	0.10

	EU		EU×USA		OECD		EU×USA×CHN		OECD×CHN
	COM	DOM	COM	DOM	COM	DOM	COM	DOM	COM	DOM
Oil market^*
Crude oil price	−0.72	−0.06	−1.27	−0.42	−1.93	−0.88	−1.15	−0.59	−1.67	−0.97
OPEC supply	− 0.12	−1.75	−0.37	−2:50	−0:60	−3.20	−0.40	−1.85	−0.58	−2.40
Non-OPEC supply	−0.70	−0.17	−1.75	−0.61	−2.70	−1.30	−1.53	−0.78	−2.27	−1.33
Coalition consumption	−5.32	−5.27	−4.22	−4.47	−4.34	−4.66	−2.97	−3.18	−3.06	−3.33
Non-Coalition consumption	0.71	0.36	0.96	0.52	1.44	0.87	0.87	0.56	1.27	0.86
Leakage^**
Total leakage	18.0	15.3	7.7	6.5	7.1	6.2	3.9	3.5	3.5	3.1
Coal leakage	7.2	7.3	3.6	3.6	3.6	3.6	2.0	2.0	1.8	1.8
Gas leakage	4.6	5.0	1.7	1.7	1.5	1.5	0.8	0.8	0.8	0.8
Oil leakage	6.2	3.0	2.5	1.2	2.0	1.1	1.2	0.7	0.9	0.5
Adjustment costs^***
Global	0.11	0.12	0.11	0.14	0.16	0.19	0.10	0.12	0.14	0.16
Coalition	0.24	0.24	0.12	0.14	0.14	0.16	0.11	0.12	0.12	0.13
OPEC	0.42	0.64	0.54	0.88	0.82	1.26	0.48	0.75	0.70	1.05
ROW	0.03	0.04	0.06	0.7	0.13	0.13	0.05	0.05	0.12	0.11
Oil market^*
Crude oil price	−0.63	−0.26	−0.98	−0.27	−1.56	−0.60	−0.92	−0.40	−1.37	−0.68
OPEC supply	−0.08	−1.20	−0.24	−2.35	−0.43	−3.20	−0.29	−1.90	−0.44	−2.55
Non-OPEC supply	−0.81	−0.15	−2.06	−0.83	−3.09	−1.47	−1.78	−0.87	−2.59	−1.39
Coalition consumption	−5.35	−5.32	−4.30	−4.52	−4.45	−4.75	−3.05	−3.25	−3.16	−3.43
Non-Coalition consumption	0.67	0.47	0.83	0.47	1.28	0.77	0.77	0.49	1.14	0.74
Leakage^**
Total leakage	17.7	16.2	7.4	6.4	6.9	6.1	3.8	3.4	3.5	3.1
Coal leakage	7.2	7.3	3.6	3.6	3.6	3.6	2.0	2.0	1.8	1.8
Gas leakage	4.6	4.9	1.7	1.8	1.5	1.5	0.8	0.8	0.8	0.8
Oil leakage	5.8	4.0	2.2	1.0	1.8	0.9	1.1	0.6	0.8	0.5
Adjustment costs^***
Global	0.11	0.12	0.12	0.14	0.16	0.19	0.10	0.12	0.14	0.17
Coalition	0.24	0.24	0.13	0.15	0.15	0.17	0.11	0.13	0.12	0.14
OPEC	0.39	0.55	0.43	0.76	0.68	1.12	0.39	0.67	0.59	0.96
ROW	0.03	0.04	0.06	0.07	0.13	0.12	0.05	0.05	0.12	0.10

in percentage change w.r.t. business-as-usual;

in percentage;

***

in Hicksian EV as % share of business-as-usual GDP

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