Does the Kyoto Protocol Cost Too Much and Create Unbreakable Barriers for Economic Growth?

16 Pages Posted: 29 Feb 2008

See all articles by Alexander Golub

Alexander Golub

Environmental Defense

Anil Markandya

Basque Centre for Climate Change (BC3); University of Bath

Dominic Marcellino

affiliation not provided to SSRN

Date Written: October 2006

Abstract

We look to the literature on short-term cost models, long-term models based on endogenous growth, and long-term models that assume induced technical change, in order to demonstrate the current understanding of costs, which is the focus of the debate on abating climate change. Using these insights as well as other results-like the role of ancillary benefits and the lack of a relationship between decarbonization and economic growth-our contribution to this debate will be to help policy makers understand how economic analyses are conducted and how they should be used in the subsequent political discussions.

JEL Classification: Q52, Q54, Q58

Suggested Citation

Golub, Alexander and Markandya, Anil and Marcellino, Dominic, Does the Kyoto Protocol Cost Too Much and Create Unbreakable Barriers for Economic Growth? (October 2006). Contemporary Economic Policy, Vol. 24, Issue 4, pp. 520-535, 2006. Available at SSRN: https://ssrn.com/abstract=1095936 or http://dx.doi.org/10.1093/cep/byl012

Alexander Golub (Contact Author)

Environmental Defense ( email )

New York, Nat'l Headquarters
257 Park Avenue South
New York, NY 10010
United States
202-387-3500 (Phone)

Anil Markandya

Basque Centre for Climate Change (BC3)

Gran Vía 35-2
Bilbao, Vizcaya 48009
Spain

University of Bath ( email )

Claverton Down
Bath, BA2 7AY
United Kingdom

Dominic Marcellino

affiliation not provided to SSRN

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