Estimates of the costs of Kyoto-Marrakesh versus the McKibbin-Wilcoxen Blueprint
[Conclusion]: The Kyoto Protocol never had much chance of reducing greenhouse gas emissions significantly because its design was deeply flawed. Following the withdrawal of the United States and the weakening of the protocol’s targets at COP6 and COP7, it is likely to do nothing to reduce global emissions through the end of the 2008-2012 commitment period. The protocol’s core flaw is its focus on “targets and timetables” that, in effect, require participants to agree to reduce greenhouse gas...[Show more]
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