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

30 Pages Posted: 12 Dec 2001  

Alessandro Lanza

Fondazione Eni Enrico Mattei (FEEM), Milan; Centro Euro-Mediterraneo per i Cambiamenti Climatici (CMCC); 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 ( email )

Corso Magenta 63
20123 Milan
Italy

Centro Euro-Mediterraneo per i Cambiamenti Climatici (CMCC) ( 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

Paper statistics

Downloads
354
Rank
67,295
Abstract Views
1,933