A Proposal for the Design of the Successor to the Kyoto Protocol

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A Proposal for the Design of the Successor to the Kyoto Protocol

Author Info

Larry Karp (University of California, Berkeley and Giannini Foundation)
Jinhua Zhao (Iowa State University)

Additional information is available for the following registered author(s):

Larry S. Karp

Abstract

The successor to the Kyoto Protocol should impose national ceilings on rich countries' greenhouse gas emissions and promote voluntary abatement by developing countries. Our proposal gives signatories the option of exercising an escape clause that relaxes their requirement to abate. This feature helps to solve the participation and compliance problems that have weakened the Protocol. We support the use of carefully circumscribed trade restrictions in order to reduce the real or perceived problem of carbon leakage.

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Publisher Info
Paper provided by Department of Agricultural & Resource Economics, UC Berkeley in its series Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series with number 1065.

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Date of creation: 30 Jun 2008
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Handle: RePEc:cdl:agrebk:1065

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This paper has been announced in the following NEP Reports:

NEP-AGR-2005-04-24 (Agricultural Economics)
NEP-ALL-2005-04-24 (All new papers)
NEP-GEO-2005-04-24 (Economic Geography)
NEP-LTV-2005-04-24 (Unemployment, Inequality & Poverty)
NEP-TRA-2005-04-24 (Transition Economics)
NEP-URE-2005-04-24 (Urban & Real Estate Economics)

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Newell, Richard G. & Pizer, William A., 2003. "Regulating stock externalities under uncertainty," Journal of Environmental Economics and Management, Elsevier, vol. 45(2, Supple), pages 416-432, March. [Downloadable!] (restricted)
Other versions:
- Pizer, William & Newell, Richard, 1998. "Regulating Stock Externalities Under Uncertainty," Discussion Papers dp-99-10-rev, Resources For the Future. [Downloadable!]
Robert N. Stavins, 2008. "Addressing Climate Change with a Comprehensive U.S. Cap-and-Trade System," Working Papers 2008.67, Fondazione Eni Enrico Mattei. [Downloadable!]
Other versions:
- Stavins, Robert, 2007. "Addressing Climate Change with a Comprehensive U.S. Cap-and-Trade System," Working Paper Series rwp07-053, Harvard University, John F. Kennedy School of Government. [Downloadable!]
- Robert N. Stavins, 2008. "Addressing climate change with a comprehensive US cap-and-trade system," Oxford Review of Economic Policy, Oxford University Press, vol. 24(2), pages 298-321, Summer. [Downloadable!] (restricted)
Matthew McGinty, 2007. "International environmental agreements among asymmetric nations," Oxford Economic Papers, Oxford University Press, vol. 59(1), pages 45-62, January. [Downloadable!] (restricted)
Hoel, Michael & Karp, Larry, 2001. "Taxes and quotas for a stock pollutant with multiplicative uncertainty," Journal of Public Economics, Elsevier, vol. 82(1), pages 91-114, October. [Downloadable!] (restricted)
Other versions:
- Michael Hoel & Larry Karp, 2000. "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 870, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
- Michael Hoel & Larry Karp, . "Taxes and Quotas for a Stock Pollutant with Multiplicative Uncertainty," Working Papers 1999.15, Fondazione Eni Enrico Mattei. [Downloadable!]
- Hoel, Michael & Karp, Larry S., 1999. "Taxes and quotas for a stock pollutant with multiplicative uncertainty," CUDARE Working Paper Series 870, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy, revised 1999. [Downloadable!]
Karp, Larry & Zhang, Jiangfeng, 2006. "Regulation with anticipated learning about environmental damages," Journal of Environmental Economics and Management, Elsevier, vol. 51(3), pages 259-279, May. [Downloadable!] (restricted)
Karp, Larry, 2005. "Global warming and hyperbolic discounting," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 261-282, February. [Downloadable!] (restricted)
Other versions:
- Larry Karp, 2004. "Global Warming and Hyperbolic Discounting," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 934R, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
Hoel, Michael & Karp, Larry, 2002. "Taxes versus quotas for a stock pollutant," Resource and Energy Economics, Elsevier, vol. 24(4), pages 367-384, November. [Downloadable!] (restricted)
Other versions:
- Michael Hoel & Larry Karp, 2001. "Taxes versus Quotas for a Stock Pollutant," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 855, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
- Hoel, Michael & Karp, Larry S., 1999. "Taxes versus quotas for a stock pollutant," CUDARE Working Paper Series 855, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy, revised 1999.
Larry Karp & Yacov Tsur, 2007. "Discounting and Climate Change Policy," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 1038, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
Other versions:
- Karp, Larry & Tsur, Yacov, 2007. "Discounting And Climate Change Policy," Discussion Papers 7149, Hebrew University of Jerusalem, Department of Agricultural Economics and Management. [Downloadable!]
Carraro, Carlo & Siniscalco, Domenico, 1993. "Strategies for the international protection of the environment," Journal of Public Economics, Elsevier, vol. 52(3), pages 309-328, October. [Downloadable!] (restricted)
Other versions:
- Carraro, Carlo & Siniscalco, Domenico, 1991. "Strategies for the International Protection of the Environment," CEPR Discussion Papers 568, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)

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