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The future of the European Emission Trading System and the Clean Development Mechanism in a post-Kyoto world

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  • Klepper, Gernot
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    Abstract

    This paper discusses developments in the markets for CO2 emissions rights since the Kyoto Protocol was signed. The different emissions trading schemes, dominated by the Emission Trading System of the European Union and the Clean Development Mechanism, are surveyed. These schemes will need to be incorporated into any post-Kyoto multilateral agreement. Drawing on a simple model, the paper analyzes the incentives that developing and developed countries face for continuing or transforming the Clean Development Mechanism in the light of future agreements for a worldwide emissions control program.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Economics.

    Volume (Year): 33 (2011)
    Issue (Month): 4 (July)
    Pages: 687-698

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    Handle: RePEc:eee:eneeco:v:33:y:2011:i:4:p:687-698

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    Web page: http://www.elsevier.com/locate/eneco

    Related research

    Keywords: CDM Post-Kyoto Emission trading;

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    Cited by:
    1. Bohringer, Christoph & Rutherford, Thomas F. & Springmannc, Marco, 2013. "Clean-development investments : an incentive-compatible CGE modeling framework," Policy Research Working Paper Series 6720, The World Bank.
    2. Carrasco, Luis R & Coker, Richard & Cook, Alex R, 2013. "Who Should Pay for Global Health, and How Much?," MPRA Paper 57759, University Library of Munich, Germany.
    3. Matthias Weitzel, 2014. "Worse off from reduced cost? The role of policy design under uncertain technological advancement," Kiel Working Papers 1926, Kiel Institute for the World Economy.
    4. Springmann, Marco & Böhringer, Christoph & Rutherford, Thomas F., 2013. "Clean-development investments: an incentive-compatible CGE modeling framework," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79939, Verein für Socialpolitik / German Economic Association.
    5. Christoph Böhringer & Thomas F. Rutherford & Marco Springmann, 2013. "Clean-Development Investments: An Incentive-Compatible CGE Modelling Framework," ZenTra Working Papers in Transnational Studies 23 / 2013, ZenTra - Center for Transnational Studies, revised Dec 2013.
    6. repec:old:wpaper:354 is not listed on IDEAS
    7. Zhao, Zhen-yu & Sun, Guang-zheng & Zuo, Jian & Zillante, George, 2013. "The impact of international forces on the Chinese wind power industry," Renewable and Sustainable Energy Reviews, Elsevier, vol. 24(C), pages 131-141.

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