An Ideal Kyoto Protocol: emissions trading, redistributive transfers and global participation
Caplan, Arthur; Cornes, Richard; Silva, Emilson
Description
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 |
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Date published: | 2003 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/33191 |
Source: | Oxford Economic Papers |
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01_Caplan_An_Ideal_Kyoto_Protocol:_2003.pdf | 161.06 kB | Adobe PDF | Request a copy |
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