Beyond Kyoto: Some Thoughts on the Past, Present, and Future

Richard L. Sandor

Chapter 60 in How I Saw It:Analysis and Commentary on Environmental Finance (1999–2005), 2017, pp 253-260 from World Scientific Publishing Co. Pte. Ltd.

Abstract: It’s been a long journey, spanning more than a dozen years and four continents. The first steps were taken in Rio de Janeiro. Five years later, an international treaty emerged in Kyoto. Six years later, the first rules-based, multisectoral marketplace began in Chicago and a mere two years later the European Union (EU) Emissions Trading System (ETS) got started. This pilot has been extraordinarily successful in a short time but the future task of successfully implementing the Kyoto Protocol is formidable. The post-Kyoto period presents an even greater set of challenges. But all of these hurdles look less daunting in view of our experiences over the past 13 years…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2017
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