The McKibbin-Wilcoxen proposal for global greenhouse abatement
[Conclusion]: The Kyoto Protocol complicates the process of achieving a realistic approach to greenhouse gas abatement. It has created a great deal of uncertainty about how and whether countries are going to achieve the strict quantity targets that have been set by 2008 to 2012. The international community had an opportunity to put in place a credible instruments based approach that would begin to reduce emissions at low cost wherever possible, in addition to giving flexibility to the time...[Show more]
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