Opportunities and Challenges for the 20th Anniversary of the Montréal Protocol

Catherine Norman, Stephen DeCanio () and Lin Fan

University of California at Santa Barbara, Economics Working Paper Series from Department of Economics, UC Santa Barbara

Abstract: This paper considers the success of the Montreal Protocol on Substances that deplete the Ozone Layer in addressing an incompletely understood global environmental hazard under risk and uncertainty, and its implications for and interactions with other global environmental protection regimes, particularly the Kyoto Protocol. We illustrate a method for assessing joint impacts of projects and policies designed to reduce environmental damage in the absence of a coordinated legal and regulatory framework. Further, we note areas for improvements in coordination and efficiency across the treaties.

Keywords: Global environmental protection; emissions trading markets; Montreal Protocol; Kyoto Protocol; abatement costs; ozone; climate; Social and Behavioral Sciences; Other Economics (search for similar items in EconPapers)
Date: 2007-09-03
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