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

JEL-codes: Q25; Q28

18 pages, September 20, 2001

Full text files 

wp02_10.pdf PDF-file

Download statistics

Published as
Peter Bohm, (2002), 'Improving Cost-effectiveness and Facilitating Participation of Developing Countries in International Emissions Trading', International Environmental Agreements: Politics, Law and Economics, vol 2, no 3, pages 261-275

Questions (including download problems) about the papers in this series should be directed to Anne Jensen ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:sunrpe:2002_0010This page generated on 2024-09-13 22:17:18.