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Climate politics from Kyoto to Bonn: from little to nothing?!?

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  • Böhringer, Christoph

Abstract

We investigate how the U.S. withdrawal and the amendments of the Bonn climate policy conference in 2001 will change the economic and environmental impacts of the Kyoto Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that U.S. withdrawal together with the new provisions of Bonn are likely to reduce environmental effectiveness to zero. U.S. compliance under the new Bonn amendments would accommodate a substantial cut in global emissions at small compliance costs for OECD countries rising some hopes that the U.S. might rejoin the Kyoto Protocol during the next years. --

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Bibliographic Info

Paper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 01-49.

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Date of creation: 2001
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Handle: RePEc:zbw:zewdip:5403

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Keywords: climate policy; emission trading; computable general equilibrium;

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References

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  1. Böhringer, Christoph & Vogt, Carsten, 2001. "Internationaler Klimaschutz: Nicht mehr als symbolische Politik?," ZEW Discussion Papers 01-06, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  2. Johannes Bollen & Arjen Gielen & Hans Timmer, 1999. "Clubs, Ceilings and CDM: Macroeconomics of Compliance with the Kyoto Protocol," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 177-206.
  3. Bohringer, Christoph, 2000. "Cooling down hot air: a global CGE analysis of post-Kyoto carbon abatement strategies," Energy Policy, Elsevier, vol. 28(11), pages 779-789, September.
  4. Böhringer, Christoph & Jensen, Jesper & Rutherford, Thomas F., 1999. "Energy market projections and differentiated carbon abatement in the European Union," ZEW Discussion Papers 99-11, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  5. Paul M. Bernstein & W. David Montgomery & Thomas F. Rutherford & Gui-Fang Yang, 1999. "Effects of Restrictions on International Permit Trading: The MS-MRT Model," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 221-256.
  6. Christoph Böhringer & Thomas Rutherford, 2002. "Carbon Abatement and International Spillovers," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(3), pages 391-417, July.
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Citations

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Cited by:
  1. Sekar, Ram C. & Parsons, John E. & Herzog, Howard J. & Jacoby, Henry D., 2007. "Future carbon regulations and current investments in alternative coal-fired power plant technologies," Energy Policy, Elsevier, vol. 35(2), pages 1064-1074, February.
  2. Buchner, Barbara & Carraro, Carlo & Cersosimo, Igor & Marchiori, Carmen, 2002. "Back to Kyoto? US Participation and the Linkage Between R&D and Climate Cooperation," CEPR Discussion Papers 3299, C.E.P.R. Discussion Papers.
  3. Peter Russ & Patrick Criqui, 2007. "Post-Kyoto CO2 emission reduction : the soft landing scenario analysed with POLES and other world models," Post-Print halshs-00078489, HAL.
  4. Reto Schleiniger, 2004. "Global Carbon Trade and Local Externalities," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 140(II), pages 245-264, June.
  5. Carlo Carraro & Barbara Buchner, 2006. "Economic and Environmental Effectiveness of a Technology-based Climate Protocol," Working Papers 2006_12Classification-JEL, Department of Economics, University of Venice "Ca' Foscari".
  6. Bernard, A. & Haurie, A. & Vielle, M. & Viguier, L., 2008. "A two-level dynamic game of carbon emission trading between Russia, China, and Annex B countries," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1830-1856, June.
  7. Klepper, Gernot & Peterson, Sonja, 2006. "Marginal abatement cost curves in general equilibrium: The influence of world energy prices," Open Access Publications from Kiel Institute for the World Economy 3775, Kiel Institute for the World Economy (IfW).
  8. den Elzen, Michel G. J. & de Moor, Andre P. G., 2002. "Analyzing the Kyoto Protocol under the Marrakesh Accords: economic efficiency and environmental effectiveness," Ecological Economics, Elsevier, vol. 43(2-3), pages 141-158, December.
  9. Klepper, Gernot & Peterson, Sonja, 2002. "US participation, permit allocation, and hot air supply," Open Access Publications from Kiel Institute for the World Economy 4237, Kiel Institute for the World Economy (IfW).
  10. den Elzen, Michel & Roelfsema, Mark & Slingerland, Stephan, 2010. "Dealing with surplus emissions in the climate negotiations after Copenhagen: What are the options for compromise?," Energy Policy, Elsevier, vol. 38(11), pages 6615-6628, November.
  11. Buchner, Barbara & Carraro, Carlo & Cersosimo, Igor, 2002. "On the Consequences of the US Withdrawal from the Kyoto/Bonn Protocol," CEPR Discussion Papers 3239, C.E.P.R. Discussion Papers.
  12. Dissou, Yazid & Mac Leod, Carolyn & Souissi, Mokhtar, 2002. "Compliance costs to the Kyoto Protocol and market structure in Canada: a dynamic general equilibrium analysis," Journal of Policy Modeling, Elsevier, vol. 24(7-8), pages 751-779, November.
  13. Gernot Klepper & Sonja Peterson, 2002. "Trading Hot Air The Influence of Permit Allocation Rules, Market Power and the US Withdrawal from the Kyoto Protocol," Kiel Working Papers 1133, Kiel Institute for the World Economy.
  14. Kemfert, Claudia & Zhang, ZhongXiang, 2003. "Linking developing country's cooperation on climate control with industrialized country's R&D and technology transfer," MPRA Paper 41473, University Library of Munich, Germany.
  15. VAN STEENBERGHE, Vincent, 2003. "CO2 abatement costs and permits price : Exploring the impact of banking and the role of future commitments," CORE Discussion Papers 2003098, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  16. Gernot Klepper & Sonja Peterson, 2003. "On the Robustness of Marginal Abatement Cost Curves: The Influence of World Energy Prices," Kiel Working Papers 1138, Kiel Institute for the World Economy.

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