The Economics of a Lost Deal
Kyoto - The Hague - Marrakesh
Bibliographic Data
| ID | 19038229 |
|---|---|
| Authors | Hourcade Jean-Charles (corresponding author), Frédéric Ghersi (0000-0002-8994-7086, Director, and researcher, respectively, at Centre International de Recherche sur I'Environnement et le Developpement (CIRED), Jardin Tropical - 45 bis, Avenue de la Belle Gabrielle, F-94736 Nogent sur Marne CEDEX, France. E-mail: [email protected] and [email protected]) |
| Year | 2002 |
| Volume | 23 |
| Issue | 3 |
| Pages | 1-26 |
| Publication date | 2002-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Energy Journal (JOURNAL) |
| Journal identifiers | ISSN: 0195-6574 • E-ISSN: 1944-9089 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.5547/issn0195-6574-ej-vol23-no3-1 |
| OpenAlex | W1972541561 |
| Language | EN |
| Citations received | 12 |
| References cited | 8 |
This paper examines prospects for compromise between competing perspectives on four key climate change issues: costs, level of domestic action, environmental integrity, and developing world involvement. It focuses on the policy issues stemming from uncertainty about abatement costs. Based on extensive simulations of a model integration tool, SAP12 (Stochastic Assessment of Climate Policies, 12 models), the analysis considers options for fine-tuning the Kyoto Protocol, such as concrete ceilings or levies on carbon imports; "environmental restoration payments" to be made on excess emissions; and credits for sequestration activities in Annex B countries. It demonstrates that a restoration payment (implemented through a safety valve) emerges as a superior means of addressing the cost uncertainty issue. The paper concludes that had this approach been taken at the COP6 climate negotiations in The Hague, there would have been substantial room for compromise on payments of $35 to $100 per ton of carbon. Examining the Marrakesh (COP7) climate accord, it derives some lessons for attempts at completing Kyoto’s unfinished business or at moving on to a new framework
Business · Climate change · Climate change mitigation · Climate policy · Compromise · Economics · Kyoto Protocol · Natural resource economics · Negotiation · Payment · Political science · Climate Change Policy and Economics · Environmental Impact and Sustainability · Forest Management and Policy · Finance
The challenges of the post-COP21 regime
The essence, feature and role of low carbon economy
Venturing into uncharted financial waters
Interpreting Environmental Policy Cost Measures
Unspoken Ethical Issues in the Climate Affair
Sustainable development frontiers and divides
Can Uncertainty Justify Overlapping Policy Instruments to Mitigate Emissions
Viable responses to the equity-responsibility dilemma
Low-carbon societies
International Climate Regime beyond 2012
What Social Cost of Carbon? A Mapping of the Climate Debate
Can uncertainty justify overlapping policy instruments to mitigate emissions
| Citations per year | 0.52 |
|---|---|
| Citation span | 2003 - 2016 (14) |
| Highly cited | No |