Scandinavian Working Papers in Economics
Research Papers in Economics,
Stockholm University, Department of Economics
No 2002:10: Improving Cost-effectiveness and Facilitating Participation of Developing Countries in International Emissions Trading
Peter Bohm
Additional contact information
Peter Bohm: Dept. of Economics, Stockholm University, Postal: Department of Economics, Stockholm University, S-106 91 Stockholm, Sweden
Abstract: This paper discusses ways in which the next climate agreement a renegotiated
Kyoto Protocol or a second-period agreement can be made more cost-effective. The
discussion focuses on the design of international emissions trading to facilitate early
participation by developing countries. Four aspects are highlighted: the design of
compensation rules, the need to regulate the use of the CDM, the effect of allowing
borrowing and the implications of a Commitment Period Reserve.
Keywords: Climate change policy; cost effectiveness; international emissions trading; Kyoto protocol; Clean Development Mechanism; Commitment Period Reserve; developing countries
18 pages, September 20, 2001
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wp02_10.pdf
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