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Climate Change Policy for India

In: Economic Growth, Economic Performance and Welfare in South Asia

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  • Warwick J. Mckibbin

Abstract

The global community has been struggling with the issue of how to effectively respond to the threat of climate change for several decades. In 1992, the United Nations Earth Summit in Rio de Janeiro produced a landmark treaty on climate change that undertook to stabilize greenhouse gas concentrations in the atmosphere. By focusing on stabilization, however, the treaty implicitly adopted the position that the risks posed by climate change require that emissions be reduced no matter what the cost. The agreement, signed and ratified by more than 186 countries, including the United States, spawned numerous subsequent rounds of climate negotiations aimed at rolling back emissions from industrialized countries to the levels that prevailed in 1990. To date, however, the negotiations have had little effect on greenhouse gas emissions and have not produced a detectable slowing in the rate of emissions growth. The treaty’s implementing protocol, the 1997 Kyoto agreement, has stalled after being heavily diluted at subsequent negotiations in Bonn and Marrakesh.2 The survival of the Kyoto Protocol in its current form is waiting for ratification from Russia. More than a decade of negotiations has produced a policy that is very strict in principle but completely ineffective in practice.

Suggested Citation

  • Warwick J. Mckibbin, 2005. "Climate Change Policy for India," Palgrave Macmillan Books, in: Raghbendra Jha (ed.), Economic Growth, Economic Performance and Welfare in South Asia, chapter 7, pages 121-150, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-52031-8_7
    DOI: 10.1057/9780230520318_7
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    References listed on IDEAS

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    1. Gupta, Sujata & Hall, Stephen, 1997. "Stabilizing energy related CO2 emissions for India," Energy Economics, Elsevier, vol. 19(1), pages 125-150, March.
    2. Jorgenson, Dale W. & Wilcoxen, Peter J., 1992. "Global change, energy prices, and US economic growth," Structural Change and Economic Dynamics, Elsevier, vol. 3(1), pages 135-154, June.
    3. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    4. Fisher-Vanden, K. A. & Shukla, P. R. & Edmonds, J. A. & Kim, S. H. & Pitcher, H. M., 1997. "Carbon taxes and India," Energy Economics, Elsevier, vol. 19(3), pages 289-325, July.
    5. McKibbin, Warwick J. & Wilcoxen, Peter J., 1998. "The theoretical and empirical structure of the G-Cubed model," Economic Modelling, Elsevier, vol. 16(1), pages 123-148, January.
    6. Warwick McKibbin & David Pearce & Alison Stegman, 2004. "Long Run Projections For Climate Change Scenarios," CAMA Working Papers 2004-01, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    7. Shogren, Jason F. & Toman, Michael, 2000. "Climate Change Policy," Discussion Papers 10767, Resources for the Future.
    8. Pizer, William, 1997. "Prices vs. Quantities Revisited: The Case of Climate Change," RFF Working Paper Series dp-98-02, Resources for the Future.
    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.
    10. Paul, Shyamal & Bhattacharya, Rabindra Nath, 2004. "CO2 emission from energy use in India: a decomposition analysis," Energy Policy, Elsevier, vol. 32(5), pages 585-593, March.
    11. Andreas Löschel & Zhong Zhang, 2002. "The economic and environmental implications of the US repudiation of the kyoto protocol and the subsequent deals in Bonn and Marrakech," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 138(4), pages 711-746, December.
    12. Roberts, Marc J. & Spence, Michael, 1976. "Effluent charges and licenses under uncertainty," Journal of Public Economics, Elsevier, vol. 5(3-4), pages 193-208.
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    Cited by:

    1. Wood, Peter John & Jotzo, Frank, 2011. "Price floors for emissions trading," Energy Policy, Elsevier, vol. 39(3), pages 1746-1753, March.
    2. Frank Jotzo, 2004. "Developing countries and the future of the Kyoto Protocol," Economics and Environment Network Working Papers 0406, Australian National University, Economics and Environment Network.
    3. 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.
    4. Zhongxiang Zhang, 2007. "Why has China not embraced a global cap-and-trade regime?," Climate Policy, Taylor & Francis Journals, vol. 7(2), pages 166-170, March.
    5. Frank Jotzo & John C. V. Pezzey, 2006. "A better Kyoto: options for flexible commitments," Economics and Environment Network Working Papers 0610, Australian National University, Economics and Environment Network.
    6. Zhang, ZhongXiang, 2003. "Reconstructing climate policy: how best to engage China and other developing countries?," MPRA Paper 12830, University Library of Munich, Germany.
    7. Warwick J. McKibbin & Peter J. Wilcoxen, 2003. "Climate Policy and Uncertainty: The Roles of Adaptation versus Mitigation," Economics and Environment Network Working Papers 0306, Australian National University, Economics and Environment Network.
    8. Kingwell, Ross S., 2006. "Climate change in Australia: agricultural impacts and adaptation," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 14.

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    More about this item

    Keywords

    Gross Domestic Product; Carbon Emission; Clean Development Mechanism; Climate Policy; Kyoto Protocol;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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