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Modelling Economic Impacts of Alternative International Climate Policy Architectures. A Quantitative and Comparative Assessment of Architectures for Agreement

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Author Info

  • Valentina Bosetti

    (Fondazione Eni Enrico Mattei and CMCC)

  • Carlo Carraro

    (Fondazione Eni Enrico Mattei, University of Venice, CEPR, CESifo and CMCC)

  • Alessandra Sgobbi

    (Fondazione Eni Enrico Mattei and CMCC)

  • Massimo Tavoni

    (Fondazione Eni Enrico Mattei, Catholic University of Milan and CMCC)

Abstract

This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.

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Bibliographic Info

Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2008.85.

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Date of creation: Oct 2008
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Handle: RePEc:fem:femwpa:2008.85

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Keywords: Climate Policy; Integrated Modelling; International Agreements;

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References

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  1. Carlo Carraro & Carmen Marchiori & Sonia Oreffice, 2009. "Endogenous Minimum Participation in International Environmental Treaties," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 42(3), pages 411-425, March.
  2. Warwick J. McKibbin & Peter J. Wilcoxen, 2006. "A Credible Foundation For Long Term International Cooperation On Climate Change," CAMA Working Papers 2006-15, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  3. Joseph E. Aldy & Scott Barrett & Robert N. Stavins, 2003. "Thirteen Plus One: A Comparison of Global Climate Policy Architectures," Working Papers, Fondazione Eni Enrico Mattei 2003.64, Fondazione Eni Enrico Mattei.
  4. Carlo Carraro & Johan Eyckmans & Michael Finus, 2005. "Optimal Transfers and Participation Decisions in International Environmental Agreements," Working Papers, Fondazione Eni Enrico Mattei 2005.50, Fondazione Eni Enrico Mattei.
  5. Carraro, Carlo & Siniscalco, Domenico, 1991. "Strategies for the International Protection of the Environment," CEPR Discussion Papers, C.E.P.R. Discussion Papers 568, C.E.P.R. Discussion Papers.
  6. Valentina Bosetti & Carlo Carraro & Emanuele Massetti & Massimo Tavoni, 2007. "Optimal Energy Investment and R&D Strategies to Stabilise Greenhouse Gas Atmospheric Concentrations," Working Papers, Fondazione Eni Enrico Mattei 2007.95, Fondazione Eni Enrico Mattei.
  7. Valentina Bosetti & Carlo Carraro & Massimo Tavoni, 2008. "Delayed Participation of Developing Countries to Climate Agreements: Should Action in the EU and US be Postponed?," Working Papers, Fondazione Eni Enrico Mattei 2008.70, Fondazione Eni Enrico Mattei.
  8. Valentina Bosetti & Carlo Carraro & Marzio Galeotti & Emanuele Massetti & Massimo Tavoni, 2006. "WITCH. A World Induced Technical Change Hybrid Model," Working Papers 2006_46, Department of Economics, University of Venice "Ca' Foscari".
  9. Bosetti, Valentina & Carraro, Carlo & Massetti, Emanuele & Sgobbi, Alessandra & Tavoni, Massimo, 2009. "Optimal energy investment and R&D strategies to stabilize atmospheric greenhouse gas concentrations," Resource and Energy Economics, Elsevier, Elsevier, vol. 31(2), pages 123-137, May.
  10. Aldy,Joseph E. & Stavins,Robert N. (ed.), 2007. "Architectures for Agreement," Cambridge Books, Cambridge University Press, number 9780521871631, 9.
  11. Aldy,Joseph E. & Stavins,Robert N. (ed.), 2007. "Architectures for Agreement," Cambridge Books, Cambridge University Press, number 9780521692175, 9.
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Citations

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Cited by:
  1. Bosetti, Valentina & Frankel, Jeffrey A., 2012. "Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets," Working Paper Series rwp12-012, Harvard University, John F. Kennedy School of Government.
  2. Stefan P. Schleicher & Angela Köppl, 2012. "Scanning for Global Greenhouse Gas Emissions Reduction Targets and their Distributions," Working Papers, Fondazione Eni Enrico Mattei 2012.36, Fondazione Eni Enrico Mattei.
  3. Valentina Bosetti & David G. Victor, 2010. "Politics and Economics of Second-Best Regulation of Greenhouse Gases: The Importance of Regulatory Credibility," Working Papers, Fondazione Eni Enrico Mattei 2010.29, Fondazione Eni Enrico Mattei.
  4. Frankel, Jeffrey A. & Bosetti, Valentina, 2011. "Politically Feasible Emission Target Formulas to Attain 460 ppm CO[subscript 2] Concentrations," Working Paper Series rwp11-016, Harvard University, John F. Kennedy School of Government.
  5. Valentina Bosetti & Jeffrey Frankel, 2011. "Sustainable Cooperation in Global Climate Policy: Specific Formulas and Emission Targets to Build on Copenhagen and Cancun," Working Papers, Fondazione Eni Enrico Mattei 2011.66, Fondazione Eni Enrico Mattei.
  6. Bosetti, Valentina & Frankel, Jeffrey A., 2011. "Politically Feasible Emission Target Formulas to Attain 460 ppm CO2 Concentrations," Scholarly Articles 4735391, Harvard Kennedy School of Government.

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