The Kyoto Protocol: a cost-effective strategy for meeting environmental objective?: discussion
This is an invited discussion on the Manne and Richels’ paper “The Kyoto Protocol: A Cost-Effective Strategy for Meeting Environmental Objective”. It focuses on four issues or questions: distributional realities of the international climate change negotiations, correspondence between geopolitical regional aggregates in MERGE and Annex B countries, implications of the autonomous energy efficiency improvement rates assumed in MERGE on the income elasticity of energy consumption, and market power in an international greenhouse gas emissions trading scheme.
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- Zhang, ZhongXiang, 1998. "Greenhouse gas emissions trading and the world trading system," MPRA Paper 12971, University Library of Munich, Germany.
- ZhongXiang Zhang, 2000. "The design and implementation of an international trading scheme for greenhouse gas emissions," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 18(3), pages 321-337, June.
- Richels, Richard & Edmonds, Jae, 1995. "The economics of stabilizing atmospheric CO2 concentrations," Energy Policy, Elsevier, vol. 23(4-5), pages 373-378.
- Robert N. Stavins, 1998. "What Can We Learn from the Grand Policy Experiment? Lessons from SO2 Allowance Trading," Journal of Economic Perspectives, American Economic Association, vol. 12(3), pages 69-88, Summer.
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