Improving Cost-effectiveness and Facilitating Participation of Developing Countries in International Emissions Trading
AbstractThis paper discusses ways in which the next climate agreement a renegotiated Kyoto Protocol or a second-period agreement can be made more cost-effective. The discussion focuses on the design of international emissions trading to facilitate early participation by developing countries. Four aspects are highlighted: the design of compensation rules, the need to regulate the use of the CDM, the effect of allowing borrowing and the implications of a Commitment Period Reserve.
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Bibliographic InfoPaper provided by Stockholm University, Department of Economics in its series Research Papers in Economics with number 2002:10.
Length: 18 pages
Date of creation: 20 Sep 2001
Date of revision:
Publication status: Published in International Environmental Agreements: Politics, Law and Economics, 2002, pages 261-275.
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Postal: Department of Economics, Stockholm, S-106 91 Stockholm, Sweden
Phone: +46 8 16 20 00
Fax: +46 8 16 14 25
Web page: http://www.ne.su.se/
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Climate change policy; cost effectiveness; international emissions trading; Kyoto protocol; Clean Development Mechanism; Commitment Period Reserve; developing countries;
Find related papers by JEL classification:
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-06-18 (All new papers)
- NEP-ENE-2002-06-18 (Energy Economics)
- NEP-IFN-2002-06-18 (International Finance)
- NEP-LAM-2002-06-13 (Central & South America)
- NEP-RES-2002-06-18 (Resource Economics)
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- Nentjes, Andries & Klaassen, Ger, 2004. "On the quality of compliance mechanisms in the Kyoto Protocol," Energy Policy, Elsevier, vol. 32(4), pages 531-544, March.
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