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Hahn, Robert W.; Stavins, Robert N.. |
We investigate a central issue in the climate change debate associated with the Kyoto Protocol: the likely performance of international greenhouse gas trading mechanisms. Virtually all design studies and many projections of the costs of meeting the Kyoto targets have assumed that an international trading program can be established that minimizes the costs of meeting overall goals. This conclusion rests on several simplifying assumptions. We focus on one important issue that has received little, if any, attention: the interaction between an international trading regime and a heterogeneous set of domestic greenhouse policy instruments. This is an important issue because the Protocol explicitly provides for domestic sovereignty regarding instrument choice,... |
Tipo: Working or Discussion Paper |
Palavras-chave: Climate change; Tradable permits; International policy; Environmental Economics and Policy; Q28; Q25. |
Ano: 1999 |
URL: http://purl.umn.edu/10747 |
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