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Kyoto, Efficiency, and Cost-Effectiveness: Applications of FUND

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  • Richard S.J. Tol

Abstract

In this paper various emission reduction scenarios are evaluated with FUND-the Climate Framework for Uncertainty, Negotiation, and Distribution model. The aim is to help international negotiators improve upon the Kyoto Protocol. International cooperation in greenhouse gas emission reduction is important, and the more of it the better. The emission reduction targets as agreed in the Kyoto Protocol are irreconcilable with economic rationality. If the targets nevertheless need to be met, it is better to start emission reduction sooner than later in order to minimise costs. Methane emission reduction may be an important instrument to reduce costs.

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Bibliographic Info

Article provided by International Association for Energy Economics in its journal The Energy Journal.

Volume (Year): Volume 20 (1999)
Issue (Month): Special Issue ()
Pages: 131-156

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Handle: RePEc:aen:journl:1999si-a06

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Cited by:
  1. Warwick J. McKibbin & Peter J. Wilcoxen, 2006. "A Credible Foundation For Long Term International Cooperation On Climate Change," CAMA Working Papers 2006-15, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  2. McKibbin, Warwick J. & Wilcoxen, Peter J., 2004. "Estimates of the costs of Kyoto: Marrakesh versus the McKibbin-Wilcoxen blueprint," Energy Policy, Elsevier, vol. 32(4), pages 467-479, March.
  3. Richard S.J. Tol, 2006. "The Polluter Pays Principle and Cost-Benefit Analysis of Climate Change: An Application of Fund," Working Papers 2006.88, Fondazione Eni Enrico Mattei.
  4. Warwick J McKibbin, 2007. "The 2006 Sir Leslie Melville Lecture: From National to International climate Change Policy," CAMA Working Papers 2007-30, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  5. Dritan Osmani, . "A note on optimal transfer schemes, stable coalition for environmental protection and joint maximization assumption," Working Papers FNU-176, Research unit Sustainability and Global Change, Hamburg University.
  6. Richard S.J. Tol, 2004. "Exchange Rates And Climate Change: An Application Of Fund," Working Papers FNU-45, Research unit Sustainability and Global Change, Hamburg University, revised Jun 2004.
  7. Richard S.J. Tol, 2005. "The Benefits Of Greenhouse Gas Emission Reduction: An Application Of Fund," Working Papers FNU-64, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2005.
  8. Tol, Richard S.J., 2005. "Emission abatement versus development as strategies to reduce vulnerability to climate change: an application of FUND," Environment and Development Economics, Cambridge University Press, vol. 10(05), pages 615-629, October.
  9. Warwick J. McKibbin & Peter J. Wilcoxen, 2002. "The Role of Economics in Climate Change Policy," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 107-129, Spring.

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