A Proposal for the Design of the Successor to the Kyoto Protocol

Larry Karp and Jinhua Zhao

No 42878, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: The successor to the Kyoto Protocol should impose national ceilings on rich countries’ greenhouse gas emissions and promote voluntary abatement by developing countries. Our proposal gives signatories the option of exercising an escape clause that relaxes their requirement to abate. This feature helps to solve the participation and compliance problems that have weakened the Protocol. We support the use of carefully circumscribed trade restrictions in order to reduce the real or perceived problem of carbon leakage.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 23
Date: 2008-06-30
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Citations: View citations in EconPapers (5)

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Working Paper: A Proposal for the Design of the Successor to the Kyoto Protocol (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:42878

DOI: 10.22004/ag.econ.42878

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