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13 + 1: A Comparison of Global Climate Change Policy Architectures AgEcon
Aldy, Joseph E.; Barrett, Scott; Stavins, Robert N..
We critically review the Kyoto Protocol and thirteen alternative policy architectures for addressing the threat of global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency, cost effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance. The Kyoto Protocol does not fare well on a number of criteria, but none of the alternative proposals fare well along all six dimensions. We identify several major themes among the alternative proposals: Kyoto is "too little, too fast"; developing countries should play a more substantial role and receive incentives to participate; implementation should focus on market-based approaches, especially...
Tipo: Working or Discussion Paper Palavras-chave: Policy architecture; Kyoto Protocol; Efficiency; Cost effectiveness; Equity; Participation; Compliance; Environmental Economics and Policy.
Ano: 2003 URL: http://purl.umn.edu/10541
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