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Salvaging the Kyoto Climate Change Negotiations

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Author Info
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)

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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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Publisher 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
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Handle: RePEc:anu:eenwps:9704

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

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

Other versions of this item:

Find related papers by JEL classification:
Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General

Cited by:
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  1. Marco Grasso, 2004. "Climate change: the global public good," Working Papers 75, University of Milano-Bicocca, Department of Economics, revised May 2004. [Downloadable!]
    Other versions:
  2. John C. V. Pezzey, 2002. "EmissionTaxes and Tradable Permits: A Comparison of views on Long Run Efficiency," Economics and Environment Network Working Papers 0210, Australian National University, Economics and Environment Network. [Downloadable!]
  3. Warwick J. McKibbin & Peter J. Wilcoxen, 2006. "A Credible Foundation For Long Term International Cooperation On Climate Change," CAMA Working Papers 2006-15, Australian National University, Centre for Applied Macroeconomic Analysis. [Downloadable!]
  4. Warwick J. McKibbin, 1998. "The McKibbin-Wilcoxen Proposal for Global Greenhouse Abatement," Economics and Environment Network Working Papers 9802, Australian National University, Economics and Environment Network. [Downloadable!]
  5. Toman, Michael & Morgenstern, Richard & Anderson, John, 1998. "The Economics of "When" Flexibility in the Design of Greenhouse Gas Abatement Policies," Discussion Papers dp-99-38-rev, Resources For the Future. [Downloadable!]
  6. 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. [Downloadable!] (restricted)
  7. 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. [Downloadable!] (restricted)
  8. Warwick J. McKibbin & Peter J. Wilcoxen, 1998. "Global Emissions Trading: Prospects and Pitfalls," Economics and Environment Network Working Papers 9801, Australian National University, Economics and Environment Network. [Downloadable!]
  9. Warwick J. McKibbin, 1998. "International Permit Trading: Creating a Sustainable System," Economics and Environment Network Working Papers 9803, Australian National University, Economics and Environment Network. [Downloadable!]
Statistics
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