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). FEEM Working Paper No. 90.2001. 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

Register to save articles to
your library

Register

Paper statistics

Downloads
359
Abstract Views
2,067
rank
81,441
PlumX Metrics