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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.

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  • 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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    1. 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.
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    4. 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.
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