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Title:
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Consequences of ceilings on the use of Kyoto mechanisms: a tentative analysis of cost effects for EU Member States
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Author(s):
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Published by:
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Publication date:
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ECN
Policy Studies
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1-8-1999
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ECN report number:
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Document type:
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ECN-C--99-003
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ECN publication
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Number of pages:
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Full text:
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26
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Download PDF
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Abstract:
To safeguard that domestic actions will be taken to meet commitments, theKyoto Protocol suggests that domestic action should be the main means for
reaching the reduction commitments. Imposing ceilings on the purchase of
emission reductions is one of the ways to limit the net use of Kyoto
mechanisms. Several kinds of ceilings have been suggested. This analysis
gives some insight into the cost consequences for EU Member States that
result from different types of ceilings for Kyoto mechanisms. The impacts of
ceilings can be very large but the precise impact is difficult to estimate
due to uncertainties about the price of emission reductions and the price
elasticity of the supply of emission reduction. Consequently, decisions on
ceilings on the use of Kyoto mechanisms need to be taken with great care. 7
refs.
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