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Economic and environmental impacts of the Kyoto Protocol

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Author Info
Christoph Böhringer
Carsten Vogt
Abstract

In 2003 the Kyoto Protocol, which imposes legally binding greenhouse gas emission constraints on industrialized countries, is likely to enter into force. The Protocol has been celebrated as a milestone in climate protection, but standard economic theory casts doubt that it will go beyond symbolic policy. In this paper, we show that the final concretion of the Kyoto Protocol is consistent with the theoretical prediction: Kyoto more or less boils down to business-as-usual without significant compliance costs to ratifying parties.

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File URL: http://economics.ca/cgi/xms?jab=v36n2/10.pdf
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Publisher Info
Article provided by Canadian Economics Association in its journal Canadian Journal of Economics.

Volume (Year): 36 (2003)
Issue (Month): 2 (May)
Pages: 475-496
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Handle: RePEc:cje:issued:v:36:y:2003:i:2:p:475-496

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Related research
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Find related papers by JEL classification:
D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Alexeeva-Talebi, Victoria & Anger, Niels, 2007. "Developing Supra-European Emissions Trading Schemes: An Efficiency and International Trade Analysis," ZEW Discussion Papers 07-038, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  2. Gersbach, Hans & Winkler, Ralph, 2007. "On the Design of Global Refunding and Climate Change," CEPR Discussion Papers 6379, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  3. Gersbach, Hans, 2008. "Contractual Democracy," CEPR Discussion Papers 6763, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  4. Böhringer, Christoph & Lange, Andreas, 2003. "Economic Implications of Alternative Allocation Schemes for Emission Allowances : A Theoretical and Applied Analysis," ZEW Discussion Papers 03-22, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  5. Gersbach, Hans & Winkler, Ralph, 2008. "International Emission Permit Markets with Refunding," CEPR Discussion Papers 7035, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  6. 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. [Downloadable!]
  7. G. Cornelis van Kooten, 2003. "Smoke and Mirrors: The Kyoto Protocol and Beyond," Canadian Public Policy, University of Toronto Press, vol. 29(4), pages 397-415, December. [Downloadable!] (restricted)
    Other versions:
  8. ThŽophile, AZOMAHOU & Raouf, BOUCEKKINE & Phu, NUYEN VAN, 2003. "Energy consumption, technological progress and economic policy," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2003025, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
  9. Ralph Winkler, 2008. "Optimal compliance with emission constraints: dynamic characteristics and the choice of technique," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(4), pages 411-432, April. [Downloadable!] (restricted)
  10. Sathaye, Jayant A. & Anger, Niels, 2008. "Reducing Deforestation and Trading Emissions: Economic Implications for the post-Kyoto Carbon Market," ZEW Discussion Papers 08-016, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  11. Carsten Vogt, 2003. "Russia’s reluctance to ratify Kyoto: an economic analysis," Intereconomics: Review of European Economic Policy, Springer, vol. 38(6), pages 346-349, November. [Downloadable!] (restricted)
  12. Hans Gersbach, 2007. "The Global Refunding System and Climate Change," CER-ETH Economics working paper series 07/62, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich. [Downloadable!]
  13. Mennel, Tim & Jokisch, Sabine, 2007. "Hydrogen in Passenger Transport: A Macroeconomic Analysis," ZEW Discussion Papers 07-065, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  14. Elias Asproudis & Maria José Gil-Moltó, 2009. "Technological choice under environmentalists’ participation in Emissions Trading Systems," Discussion Papers in Economics 09/9, Department of Economics, University of Leicester. [Downloadable!]
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