Economic and environmental impacts of the Kyoto Protocol

Christoph Böhringer and Carsten Vogt

Canadian Journal of Economics, 2003, vol. 36, issue 2, 475-496

Abstract: In 2003 the Kyoto Protocol, which imposes legally binding greenhouse gas emission constraints on industrialized countries, is likely to enter into force. The Protocol has been celebrated as a milestone in climate protection, but standard economic theory casts doubt that it will go beyond symbolic policy. In this paper, we show that the final concretion of the Kyoto Protocol is consistent with the theoretical prediction: Kyoto more or less boils down to business-as-usual without significant compliance costs to ratifying parties.

JEL-codes: D58 Q43 Q58 (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (42)

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