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.