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Climate Politics from Kyoto to Bonn: From Little to Nothing?

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  • Christoph Böhringer

Abstract

We investigate how the U.S. withdrawal from the Kyoto Protocol and the provisions of the Bonn climate policy conference on sink credits and emissions trading will change the economic and environmental impacts of the Protocol in its originalform. Based on simulations with a large-scale computable general equilibrium model, we find that the U.S. withdrawal and amendments of Bonn reduce the Kyoto Protocol’s impact to business-as-usual without binding emission constraints. U.S. compliance under the new Bonn provisions, on the other hand, would accommodate a substantial cut in global emissions at relatively small compliance costs for OECD countries.

Suggested Citation

  • Christoph Böhringer, 2002. "Climate Politics from Kyoto to Bonn: From Little to Nothing?," The Energy Journal, , vol. 23(2), pages 51-71, April.
    • Handle: RePEc:sae:enejou:v:23:y:2002:i:2:p:51-71
    DOI: 10.5547/ISSN0195-6574-EJ-Vol23-No2-2
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    References listed on IDEAS

    as
    1. Böhringer, Christoph & Vogt, Carsten, 2001. "Internationaler Klimaschutz: Nicht mehr als symbolische Politik?," ZEW Discussion Papers 01-06, ZEW - Leibniz Centre for European Economic Research.
    2. repec:aen:journl:1999si-a10 is not listed on IDEAS
    3. repec:aen:journl:2001v22-04-a03 is not listed on IDEAS
    4. Criqui, Patrick & Mima, Silvana & Viguier, Laurent, 1999. "Marginal abatement costs of CO2 emission reductions, geographical flexibility and concrete ceilings: an assessment using the POLES model," Energy Policy, Elsevier, vol. 27(10), pages 585-601, October.
    5. Christoph Böhringer & Thomas Rutherford, 2002. "Carbon Abatement and International Spillovers," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(3), pages 391-417, July.
    6. repec:aen:journl:1999si-a08 is not listed on IDEAS
    7. 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.
    8. 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 - Leibniz Centre for European Economic Research.
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    Keywords

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    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models

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