Discussion paper

DP6995 Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement

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.

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Citation

Carraro, C, A Sgobbi, V Bosetti and M Tavoni (2008), ‘DP6995 Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement‘, CEPR Discussion Paper No. 6995. CEPR Press, Paris & London. https://cepr.org/publications/dp6995