Designing GHG emissions trading institutions in the Kyoto protocol: an experimental approach
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چکیده
منابع مشابه
Designing GHG emissions trading institutions in the Kyoto protocol: an experimental approach
Its protocol calls for Annex B counties to reduce their average greenhouse gas emissions over 2008-2012 to at least five percent below 1990 levels. It adopted a " Plan of Action. " Since no details were given at these COPs, we have to design the mechanisms. 3 3. Which Trading Rule? • Bilateral Trading Is it inefficient due to mismatching? Does the revelation of contracted prices improve its eff...
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We demonstrate that an interregional policy scheme featuring trading of carbon dioxide emissions, redistributive resource transfers and global participation, a scheme which we call “Ideal Kyoto Protocol,” yields an efficient equilibrium allocation for a global economy. An altruistic international agency – say, the Global Environment Facility – should operate the resource transfer mechanism. In ...
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ژورنال
عنوان ژورنال: Environmental Modelling & Software
سال: 2001
ISSN: 1364-8152
DOI: 10.1016/s1364-8152(01)00023-8