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Title:
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Carbon trading in the policy mix
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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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1-5-2005
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ECN report number:
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Document type:
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ECN-RX--05-174
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Article (scientific)
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Number of pages:
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23
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Published in: D. Helm, ed, Climate-change policy, Oxford University Press,Chapter 8, pp. 194-217. (), , , Vol., p.-.
Abstract:
The threat posed by climate change has not yet been matched by internationalagreements and economic policies that can deliver sharp reductions in
greenhouse-gas emissions. Although the Kyoto Protocol has now been ratified
by Russia and hence come into legal effect, the USA, China, and India
are all outside its emissions caps. Few European countries are on course
to meet their own national targets, and even if fully implemented, it
is widely acknowledged that the Kyoto Protocol would make little difference
to the carbon concentrations in the atmosphere. In consequence, there
is a search for a post-Kyoto framework, new institutions, and new economic
policies to spread the costs and meet them in an economically efficient
way. This volume provides an accessible overview of the economics of
climate change, the policy options, and the scope for making significant
carbon reductions.
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