Économie d'un accord global sur le climat: une introduction

Dominique Bureau

Economie & Prévision, 2009, vol. n° 190-191, issue 4, 1-19

Abstract: The 1997 Kyoto Protocol outlined an architecture for international action to cope with climate risk. The frameworkcombines greenhouse-gas emission targets that are legally binding on individual countries and a mechanism for tradingthese quotas. We use a canonical model to study the economics of emission-permit markets applied to greenhouse gases.We stress the fact that, in this case, absent a higher authority, the quota market needs to be set up through negotiationsbetween countries. Using the model as a benchmark, we review the issues currently under discussion regarding changes inthe United Nations Framework Convention Convention on Climate Change (UNFCCC).

Keywords: Kyoto Protocol; permit markets; global public good; international cooperation (search for similar items in EconPapers)
Date: 2009
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