Data/hora: 16/06/2024 13:56:53

Provedor de dados: 	31	
País: 	United States	
Título: 	Suggestions for the Road to Copenhagen	
Autores: 	Karp,   Larry S.; Zhao,   Jinhua.	
Data: 	2009-05-22	
Ano: 	2009	
Palavras-chave: 	Kyoto protocol; Escape clause; Emissions trade; Taxes versus cap and trade; Price stability; Carbon leakage; Trade restrictions; Differentiated responsibility; Clean development mechanism; Sectoral agreements; Demand and Price Analysis; Environmental Economics and Policy; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Q54; Q58; F13.	
Resumo: 	We provide a unified discussion of the issues that confront negotiators of the next international climate agreement. We offer a novel proposal that entitles countries to discharge their treaty obligations by paying a “fine”. This escape clause provides cost insurance, simplifies the problem of enforcing compliance, and increases incentives to participate in the agreement. We explain why developed country obligations should rely on a cap and trade commitment rather than carbon taxes. A Central Bank maintains stability of carbon prices by defending a price ceiling and floor. An so-called intensity target is not a good alternative to an emissions cap. Modest trade restrictions, consistent with WTO law, will form an important part of the next agreement. Developed and developing countries have differentiated responsibilities. Developing countries do not adopt binding targets at the next round of negotiations, but they accept the principle of binding targets in the subsequent agreement, beginning in the early 2020s. Developed country participation relies on a reformed CDM and sectoral agreements that are financed by the sale of emissions permits.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/51610	
Relação: 	University of California, Berkeley&gt;Department of Agricultural and Resource Economics&gt;CUDARE Working Papers

CUDARE Working Papers

1085	
Formato: 	86