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Climate Politics from Kyoto to Bonn: From Little to Nothing?

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  • Christoph Bohringer
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    Abstract

    We investigate how the U.S. withdrawal from the Kyoto Protocol and the provisions of the Bonn climate Policy conference on sink credits and emissions trading will change the economic and environmental impacts of the Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that the U.S. withdrawal and amendments of Bonn reduce the Kyoto Protocol's impact to business-as-usual without binding emission constraints. U.S. compliance under the new Bonn provisions, on the other hand, would accommodate a substantial cut in global emissions at relatively small compliance costs for OECD countries.

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    Bibliographic Info

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

    Volume (Year): Volume23 (2002)
    Issue (Month): Number 2 ()
    Pages: 51-71

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    Handle: RePEc:aen:journl:2002v23-02-a03

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    Cited by:
    1. Leo Schrattenholzer & Gerhard Totschnig, 2005. "An Analysis of Alternative Emission Trading Strategies of Parties to the Kyoto Protocol," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 74(2), pages 217-234.
    2. Rutherford, Thomas F. & Böhringer, Christoph, 2002. "In Search of a Rationale for Differentiated Environmental Taxes," ZEW Discussion Papers 02-30, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    3. Johan Eyckmans & Cathrine Hagem, 2009. "The European Union's Potential for Strategic Emissions Trading through Minimal Permit Sale Contracts," CESifo Working Paper Series 2809, CESifo Group Munich.
    4. Christoph Böhringer & Andreas Lange, 2005. "Mission Impossible !? On the Harmonization of National Allocation Plans under the EU Emissions Trading Directive," Journal of Regulatory Economics, Springer, vol. 27(1), pages 81-94, September.
    5. Torstein Bye, 2003. "On the Price and Volume Effects from Green Certificates in the Energy Market," Discussion Papers 351, Research Department of Statistics Norway.
    6. Cathrine Hagem, 2008. "Incentives for merger in a noncompetitive permit market," Discussion Papers 568, Research Department of Statistics Norway.
    7. Bjart J. Holtsmark & Knut H. Alfsen, 2004. "Implementation of the Kyoto Protocol without Russian participation," Discussion Papers 376, Research Department of Statistics Norway.
    8. Jon Hovi & Bjart Holtsmark, 2005. "Cap-and-Trade or Carbon Taxes? The Feasibility of Enforcement and the Effects of Non-Compliance," Discussion Papers 436, Research Department of Statistics Norway.
    9. Hagem, Cathrine & Mæstad, Ottar, 2003. "Market power in the market for greenhouse gas emissions permits - the interplay with the fossil fuel markets," Memorandum 34/2002, Oslo University, Department of Economics.
    10. Christoph Böhringer & Ulf Moslener & Bodo Sturm, 2007. "Hot air for sale: a quantitative assessment of Russia’s near-term climate policy options," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 38(4), pages 545-572, December.
    11. Böhringer, Christoph & Rosendahl, Knut Einar, 2009. "Strategic partitioning of emission allowances under the EU Emission Trading Scheme," Resource and Energy Economics, Elsevier, vol. 31(3), pages 182-197, August.
    12. Johan Eyckmans & Cathrine Hagem, 2008. "The European Union’s potential for strategic emissions trading in a post-Kyoto climate agreement," Discussion Papers 530, Research Department of Statistics Norway.
    13. Richard S.J. Tol, 2002. "Technology Protocols For Climate Change: An Application Of Fund," Working Papers FNU-14, Research unit Sustainability and Global Change, Hamburg University, revised Sep 2002.
    14. Böhringer, Christoph & Hoffmann, Tim & de Lara Peñate, Casiano Manrique, 2005. "The Efficiency Costs of Separating Carbon Markets Under the EU Emissions Trading Scheme: A Quantitative Assessment for Germany," ZEW Discussion Papers 05-06, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    15. Klaus Eisenack, 2011. "Adaptation financing as part of a global climate agreement: Is the adaptation levy appropriate?," Working Papers V-334-11, University of Oldenburg, Department of Economics, revised Mar 2011.
    16. Anger, Niels & Böhringer, Christoph & Moslener, Ulf, 2007. "Macroeconomic Impacts of the Clean Development Mechanism: The Role of Investment Barriers and Regulations," ZEW Discussion Papers 07-026, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    17. Haar, Laura N. & Haar, Lawrence, 2006. "Policy-making under uncertainty: Commentary upon the European Union Emissions Trading Scheme," Energy Policy, Elsevier, vol. 34(17), pages 2615-2629, November.
    18. Böhringer, Christoph & Frondel, Manuel, 2002. "Assessing Voluntary Commitments: Monitoring is Not Enough!," ZEW Discussion Papers 02-62, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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