An Ideal Kyoto Protocol: emissions trading, redistributive transfers and global participation
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 addition, regional governments should be able to make independent policy commitments regarding how to...[Show more]
|Collections||ANU Research Publications|
|Source:||Oxford Economic Papers|
|01_Caplan_An_Ideal_Kyoto_Protocol:_2003.pdf||161.06 kB||Adobe PDF||Request a copy|
Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.