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Implementation of the Kyoto Protocol without Russian participation

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Abstract

All Annex B parties but Russia, Australia and USA, have ratified the Kyoto Protocol so far. It is still an open question whether Russia will ratify and secure that the Protocol enters into force. This paper therefore analyzes consequences of some proposed alternatives if the Russians decide not to ratify. The paper focuses on two cases where a limited number of the remaining Annex B parties respond to Russian withdrawal by the establishment of a new "mini-Kyoto" agreement whereby these parties commit themselves to the emission caps, the rules for emissions trading, compliance etc. set out in the Protocol. Environmentally, implementation of the Kyoto Protocol without participation from Russia and Ukraine is obviously superior to implementation with Russian/Ukrainian participation, due to the implied withdrawal of hot air based permits from the market. Implementation of the Kyoto Protocol without Russian/Ukrainian participation will, furthermore, imply higher costs to the remaining countries. This paper provides estimates of the permit price and environmental benefits that are likely if the proposed "mini-Kyoto" agreements are implemented.

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  • Bjart J. Holtsmark & Knut H. Alfsen, 2004. "Implementation of the Kyoto Protocol without Russian participation," Discussion Papers 376, Statistics Norway, Research Department.
    • Handle: RePEc:ssb:dispap:376
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    1. Christoph Bohringer, 2002. "Climate Politics from Kyoto to Bonn: From Little to Nothing?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 51-71.
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    Cited by:

    1. Erik Haites & Farhana Yamin & Odile Blanchard & Claudia Kemfert, 2004. "Implementing the Kyoto Protocol without Russia," Climate Policy, Taylor & Francis Journals, vol. 4(2), pages 143-152, June.

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    More about this item

    Keywords

    Russia; Kyoto Protocol; Global warming; Emissions trading; CDM;
    All these keywords.

    JEL classification:

    • Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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