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Salvaging the Kyoto Climate Change Negotiations

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  • Warwick J. McKibbin

    ()
    (Australian National University, Research School of Pacific and Asian Studies, Economics Division
    The Brookings Institution)

  • Peter J. Wilcoxen

    (University of Texas, Economics Department
    The Brookings Institution)

Abstract

The third Conference of the Parties to the United Nations Framework Convention on Climate Change will be held in Kyoto in early December. These upcoming negotiations, aimed at reducing future emissions of greenhouse gases, are almost certain to accomplish nothing. Failure is likely because the negotiations are focused on achieving rigid targets and timetables for emissions reductions in spite of the enormous uncertainties surrounding climate change. Even at this late hour, however, the conference could be salvaged. If negotiations could be shifted toward more flexible policies, such as a system of national permits and emissions fees or a reduction in world coal subsidies, the conference could mark the turning point at which climate negotiations evolve from unrealistic posturing toward a realistic framework for slowing carbon emissions

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Bibliographic Info

Paper provided by Australian National University, Economics and Environment Network in its series Economics and Environment Network Working Papers with number 9704.

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Length: 4 pages
Date of creation: Nov 1997
Date of revision:
Handle: RePEc:anu:eenwps:9704

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Web page: http://een.anu.edu.au/

Related research

Keywords: climate change; emission permits; greenhouse gases; policy;

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Cited by:
  1. Warwick J. McKibbin, 1998. "The McKibbin-Wilcoxen Proposal for Global Greenhouse Abatement," Economics and Environment Network Working Papers, Australian National University, Economics and Environment Network 9802, Australian National University, Economics and Environment Network.
  2. John Pezzey, 2003. "Emission Taxes and Tradeable Permits A Comparison of Views on Long-Run Efficiency," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 26(2), pages 329-342, October.
  3. Lehmann, Paul, 2008. "Using a policy mix for pollution control: A review of economic literature," UFZ Discussion Papers 4/2008, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
  4. Toman, Michael & Morgenstern, Richard & Anderson, John, 1998. "The Economics of "When" Flexibility in the Design of Greenhouse Gas Abatement Policies," Discussion Papers, Resources For the Future dp-99-38-rev, Resources For the Future.
  5. Warwick J. McKibbin, 1998. "International Permit Trading: Creating a Sustainable System," Economics and Environment Network Working Papers, Australian National University, Economics and Environment Network 9803, Australian National University, Economics and Environment Network.
  6. Marco Grasso, 2004. "Climate change: the global public good," Others, EconWPA 0405010, EconWPA.
  7. 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.
  8. Warwick J. McKibbin & Peter J. Wilcoxen, 1998. "Global Emissions Trading: Prospects and Pitfalls," Economics and Environment Network Working Papers, Australian National University, Economics and Environment Network 9801, Australian National University, Economics and Environment Network.

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