Fossil Fuels in a Changing Climate: Impacts of the Kyoto Protocol and Developing Country Participation
Oxford University Press for the Oxford Institute for Energy Studies, 2000 - History - 360 pages
Fossil Fuels in a Changing Climate assesses the effects on the fossil fuel markets of climate change policies. The time span covered is to the year 2020, and the projections are based on a global economic-environmental simulation model developed by the authors. This model produces projections for global emissions, quantities and prices of fossil fuels and other commodities. Three scenarios are constructed for a world with and without implementation of climate change agreements.These are:the baseline case, Business as Usual, which describes a world which does not adopt specific measures directed against greenhouse gas emissions; Kyoto, which assumes that the Kyoto Protocol is successfully implemented; and the Ambitious Scenario, which postulates that after the first commitment period specified in the Kyoto Protocol (2008-12), a new, more ambitious climate change agreement with targets for developing countries is adopted.
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The Kyoto Protocol
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aggregate Annex I countries Annex I region assigned amounts assumptions average BaU emissions BaU levels Business-as-Usual capacity capital carbon taxes cartel cent Chapter clean development mechanism climate change policies CO2e coal commitment period consumption conventional oil developing countries domestic early crediting economic growth EIT region elasticity electricity emission permits emission reductions emission trading energy intensive energy taxes environmental exogenous export FCCC Figure fixed factor fossil fuels Global Compromise scenario greenhouse gas greenhouse gas emissions GTAP hot air hydrogen impact implementation of Kyoto increase industries inputs investment IPCC Japan Joint Implementation Kyoto Protocol Kyoto scenario labour mb/d methane mtoe natural gas non-conventional oil OECD oil demand oil equivalent oil price oil production oil revenues oil supply OPEC output Parties permit prices potential sector shown simulation sources Table tonne transport units