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Greenhouse abatement policy: insights from the G-cubed multi-country model

Warwick McKibbin ()

Australian Journal of Agricultural and Resource Economics, 1998, vol. 42, issue 1, 15

Abstract: The third meeting of the Conference of the Parties of the Framework Convention on Climate Change held in Japan last December was a lost opportunity to set a realistic policy framework for addressing climate change in the coming decades. A number of countries proposed targets for greenhouse emissions, to be reached by a target date. The outcome was a range of different targets for each country. Analysis with the G‐cubed multi‐country model suggests that fixed targets are a costly way to address climate change. The extent of potential cost suggests the agreement will eventually fail. A better way to address climate change is to focus on uniformity in policy instruments that deliver differentiated outcomes rather than focus on differentiated policy settings.

Keywords: Resource; /Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aareaj:117224

DOI: 10.22004/ag.econ.117224

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