Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155215
Authors: 
Cooper, Richard N.
Year of Publication: 
2001
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 52.2001
Abstract: 
The framework of the Kyoto Protocol, an agreement for the world's rich countries to reduce their greenhouse gas emissions, is deeply flawed. This paper explains why. The Protocol lacks essential country coverage, provides an inadequate basis for allocating emission rights, lacks provision for monitoring and enforcement, and implies politically unacceptable transfers among governments under a (necessary and desirable) arrangement for trading emission rights. In addition, it would by itself do little to limit climate change. An alternative approach to limiting greenhouse gas emissions is suggested, focussing on international agreement on common actions to reduce emissions.And contingency plans for adaptation to climate change and for sequestration greenhouse gases are urged.
Subjects: 
Emissions trading
global climate change
greenhouse gases
Kyoto Protocol
JEL: 
Q20
Document Type: 
Working Paper

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