EconPapers    
Economics at your fingertips  
 

Designing a Realistic Climate Change Policy that includes Developing Countries

Warwick McKibbin () and Peter Wilcoxen

Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network

Abstract: In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralised system of national permit trading systems with a fixed internationally negotiated price for permits. In this paper we extend this earlier proposal to include an explicit mechanism for participation by developing countries. The idea is to give incentives for carbon abatement in developing countries through price signals without imposing short or medium term costs in these economies. This new system is based on the creation of two types of assets in each participating country - emission endowments and emission permits. We argue that this new system is an effective and realistic way to move forward on a sustainable regime for climate change policy.

Keywords: climate change; policy; emission permits (search for similar items in EconPapers)
JEL-codes: Q54 O20 Q58 (search for similar items in EconPapers)
Date: 2000-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.msgpl.com.au/msgpl/download/developingjune2000ar.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:anu:eenwps:0003

Access Statistics for this paper

More papers in Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network
Bibliographic data for series maintained by Jack Pezzey (). This e-mail address is bad, please contact .

 
Page updated 2019-12-07
Handle: RePEc:anu:eenwps:0003