Instruments for Climate Policy: Limited Versus Unlimited Flexibility
Edward Elgar Pub., Jan 1, 2002 - Business & Economics - 286 pages
The Kyoto Protocol introduced international flexible mechanisms into climate policy and since then, the design and most effective use of flexible instruments have become key areas for climate policy research. This text focuses on economic and political aspects related to the recent proposals and the debate on limits in flexibility, and discusses EU and US perspectives on climate policy instruments and strategies. This is followed by chapters on economic efficiency and the use of flexible instruments as well as contributions to the debate on when flexibility, on the arguments behind the EU ceilings proposal and on voluntary approaches to climate policy. One of the main conclusions reached with respect to proposals for limiting flexibility is the need to evaluate simultaneously their economic, ecological and international political consequences.
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aggregate analysis Annex B countries benefits Burden Sharing Agreement Capros carbon emission carbon taxes CDM projects clean development mechanism Climate Change climate damages climate policy CO2 emissions CO2e Commonwealth of Australia compared Compliance cost constraint CoP6 developing countries document domestic action dynamically efficient early action economic effects Ellerman emis emission abatement emission caps emission credits emission permits emissions market emissions reduction target energy supply sectors equity European Commission European Union example export ceiling fund gains Germany GHG emissions global Greenhouse Challenge greenhouse gas emissions hot air hypothesis impacts industries investment issues JI/CDM projects joint implementation Kyoto mechanisms Kyoto Protocol limit emissions trading marginal abatement cost marginal costs market equilibrium Member ment mitigation monopsony negotiating Netherlands non-Annex B countries OECD optimal participants permit price portfolio potential proposal quota reduce emissions region respondents result scenario second-period strategy structural supplementarity Table technologies tion trading scheme uncertainty