Intensity Targeting or Emission CAPS: Non-Cooperative Climate Change Policies and Technological Change

Georg Müller-Fürstenberger and Gunter Stephan

Diskussionsschriften from Universitaet Bern, Departement Volkswirtschaft

Abstract: This paper analyses costs and benefits of three different post-Kyoto policy options: On the one hand there is PARETO which is the nickname for the pareto-efficient internationalization of the external effects of global climate change through trading carbon emission rights on open global markets. And there is QCAP as well as ICAP on the other. Both are unilateral climate policies. QCAP denotes a scenario where regions aim for reducing domestic carbon emissions by a certain percentage annually. ICAP is a short cut for intensity targeting which is the US' most preferred climate policy option. In a world without uncertainty about future GDP and carbon dioxide emissions it refers to the same abatement policy, however by means of technological progress only

Keywords: Climate policy; intensity targeting; R&D investments; Integrated Assessment (search for similar items in EconPapers)
JEL-codes: O33 Q38 Q43 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-ene, nep-env, nep-res and nep-sea
Date: 2005-06
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Persistent link: http://EconPapers.repec.org/RePEc:ube:dpvwib:dp0502

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