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A better Kyoto: options for flexible commitments

Frank Jotzo () and John Pezzey ()

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

Abstract: A 'new Kyoto', called for by the Australian government, may well be based on cap-and-trade, but with significant changes. Under the old Kyoto, broad participation and meaningful commitments were difficult to achieve - in part because of uncertainty about compliance costs and the dichotomy between countries with targets and those without. This policy brief examines options for making greenhouse gas commitments under a 'New Kyoto' more flexible: intensity targets, sectoral targets, non-binding targets, permit price caps, and linking targets with commitments for technology development. We also touch on market-based options outside the target-based paradigm.

Keywords: new Kyoto; compliance costs; greenhouse gas commitments (search for similar items in EconPapers)
JEL-codes: Q00 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2006-12
New Economics Papers: this item is included in nep-ene and nep-env
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