| The Kyoto Protocol represents the first international agreement to reduce greenhouse gas emissions. Proposed mitigation efforts may involve the agricultural sector through such options as planting trees, crop and livestock management changes, and biofuels production. The combined use of these strategies could substantially reduce net emissions of carbon dioxide, methane, and nitrous oxide. However, countries where the Protocol imposes emissions caps have expressed concern about their competitiveness with countries that are not part of the Kyoto Protocol. In a free-trade arena, food production and exports in unregulated countries could increase and reduce market share for the producers in complying countries. We examine the effects of differential Protocol... |
