DP6995 Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement
|Author(s):||Valentina Bosetti, Carlo Carraro, Alessandra Sgobbi, Massimo Tavoni|
|Publication Date:||October 2008|
|Keyword(s):||Climate Policy, Integrated Modelling, International Agreements|
|JEL(s):||C72, H23, Q25, Q28|
|Programme Areas:||International Trade and Regional Economics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=6995|
This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.