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Opportunities and Challenges for the 20th Anniversary of the Montréal Protocol

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  • Norman, Catherine S.
  • DECANIO, STEPHEN J
  • Fan, Lin

Abstract

This paper considers the success of the Montreal Protocol on Substances that deplete the Ozone Layer in addressing an incompletely understood global environmental hazard under risk and uncertainty, and its implications for and interactions with other global environmental protection regimes, particularly the Kyoto Protocol. We illustrate a method for assessing joint impacts of projects and policies designed to reduce environmental damage in the absence of a coordinated legal and regulatory framework. Further, we note areas for improvements in coordination and efficiency across the treaties.

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Bibliographic Info

Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number qt3t90g0gr.

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Date of creation: 03 Sep 2007
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Handle: RePEc:cdl:ucsbec:qt3t90g0gr

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Related research

Keywords: Global environmental protection; emissions trading markets; Montreal Protocol; Kyoto Protocol; abatement costs; ozone; climate; Social and Behavioral Sciences; Other Economics;

References

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  1. Terry Barker and Paul Ekins, 2004. "The Costs of Kyoto for the US Economy," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 53-72.
  2. Stephen J. Decanio & Catherine S. Norman, 2005. "Economics Of The "Critical Use" Of Methyl Bromide Under The Montreal Protocol," Contemporary Economic Policy, Western Economic Association International, vol. 23(3), pages 376-393, 07.
  3. Morgenstern, Richard & Harrington, Winston & Nelson, Per-Kristian, 1999. "On the Accuracy of Regulatory Cost Estimates," Discussion Papers dp-99-18, Resources For the Future.
  4. Hall, Darwin C. & Behl, Richard J., 2006. "Integrating economic analysis and the science of climate instability," Ecological Economics, Elsevier, vol. 57(3), pages 442-465, May.
  5. Winston Harrington & Richard D. Morgenstern & Peter Nelson, 2000. "On the accuracy of regulatory cost estimates," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 19(2), pages 297-322.
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