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

Peter Bohm
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Peter Bohm: Dept. of Economics, Stockholm University, Postal: Department of Economics, Stockholm University, S-106 91 Stockholm, Sweden, http://www.ne.su.se

No 2002:10, Research Papers in Economics from Stockholm University, Department of Economics

Abstract: 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.

Keywords: Climate change policy; cost effectiveness; international emissions trading; Kyoto protocol; Clean Development Mechanism; Commitment Period Reserve; developing countries (search for similar items in EconPapers)
JEL-codes: Q25 Q28 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2001-09-20
New Economics Papers: this item is included in nep-ene, nep-ifn, nep-lam and nep-res
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Citations: View citations in EconPapers (1)

Published in International Environmental Agreements: Politics, Law and Economics, 2002, pages 261-275.

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Persistent link: https://EconPapers.repec.org/RePEc:hhs:sunrpe:2002_0010

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