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Title:Rio - 10 Years After: A Critical Appraisal of Climate Policy PDF Logo
Authors:Böhringer, Christoph
Vogt, Carsten
Issue Date:2002
Series/Report no.:ZEW Discussion Papers 02-09
Abstract:Ten years after the initial Climate Change Convention from Rio in 1992, the developed world is likely to ratify the Kyoto Protocol which has been celebrated as a milestone in climate protection. Standard economic theory, however, casts doubt that Kyoto will go beyond symbolic policy. In this paper we show that the final concretion of the Kyoto Protocol obeys the theoretical prediction: Kyoto more or less boils down to business-as-usual without significant compliance costs to ratifying parties.
Subjects:climate policy
emission trading
hot air
JEL:D58
Q43
Q58
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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