International environmental agreements and the case of global warming

Johan Eyckmans

No 544192, Working Papers of Department of Economics, Leuven from KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven

Abstract: First, this article uses standard welfare economics to illustrate the market failure and policy coordination problems caused by transboundary pollution problems in general and global warming in particular. Secondly, a brief overview is given of the main results obtained by empirical modelling exercises that combine both cost and damage estimates for global warming. Thirdly, the theoretical conclusions are confronted with the reality of ongoing international climate negotiations and the 1997 Kyoto Protocol is evaluated from an economic point of view. Finally, some recommendations are made for the design of future climate agreements.

Keywords: Agreements; International (search for similar items in EconPapers)
Date: 2002
Note: paper number ETE WP 2002-09
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Published in Working Papers , pages 1-36

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Persistent link: https://EconPapers.repec.org/RePEc:ete:ceswps:544192

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