Improving Cost-effectiveness and Facilitating Participation of Developing Countries in International Emissions Trading
This 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.
|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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