Kyoto Protocol and Emission Trading: Does the Us Make a Difference?

30 Pages Posted: 12 Dec 2001

See all articles by Alessandro Lanza

Alessandro Lanza

Fondazione Eni Enrico Mattei (FEEM), Milan; CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici; Bocconi University - IEFE Centre for Research on Energy and Environmental Economics and Policy

Umberto Ciorba

ENEA

Francesco Pauli

affiliation not provided to SSRN

Date Written: December 2001

Abstract

This paper presents an estimate of the costs of reducing CO2 emissions as agreed in Kyoto by Annex 1 countries. Unlike most of the existing literature, this paper uses an Almost Ideal Demand System model for energy products to estimate the role of each country within the Annex 1 market. A major result is the provision of marginal (and total) abatement costs for each. The recent position of the US is also discussed, showing the cost of some alternative outcomes.

Keywords: Environmental policy, Kyoto protocol, international agreements, CO2 emission, emission trading, marginal abatement cost

JEL Classification: C13, C21, C53, Q38, Q41, Q48

Suggested Citation

Lanza, Alessandro and Ciorba, Umberto and Pauli, Francesco, Kyoto Protocol and Emission Trading: Does the Us Make a Difference? (December 2001). Available at SSRN: https://ssrn.com/abstract=293660 or http://dx.doi.org/10.2139/ssrn.293660

Alessandro Lanza (Contact Author)

Fondazione Eni Enrico Mattei (FEEM), Milan

Corso Magenta 63
20123 Milan
Italy

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Bologna, I-73100
Italy

Bocconi University - IEFE Centre for Research on Energy and Environmental Economics and Policy ( email )

viale Filippetti, 9
Milan, 20122
Italy

Umberto Ciorba

ENEA

Lungo Tevere Thaon di Revel, 76
Rome, 00196
Italy

Francesco Pauli

affiliation not provided to SSRN

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