Rio - 10 Years after: A Critical Appraisal of Climate Policy

34 Pages Posted: 8 Aug 2002

See all articles by Christoph Böhringer

Christoph Böhringer

University of Oldenburg - Economic Policy; Centre for European Economic Research (ZEW)

Carsten Vogt

Zentrum fuer EuropSische Wirtschaftsforschung (ZEW Centre for European Economic Research), Environmental & Resource Economics

Date Written: March 15, 2002

Abstract

Ten years after the initial Climate Change Convention from Rio in 1992, the developed world is likely to ratify the Kyoto Protocol which has been celebrated as a milestone in climate protection. Standard economic theory, however, casts doubt that Kyoto will go beyond symbolic policy. In this paper we show that the final concretion of the Kyoto Protocol obeys the theoretical prediction: Kyoto more or less boils down to business-as-usual without significant compliance costs to ratifying parties.

Keywords: climate policy, emission trading, hot air

JEL Classification: D58, Q43, Q58

Suggested Citation

Bohringer, Christoph and Vogt, Carsten, Rio - 10 Years after: A Critical Appraisal of Climate Policy (March 15, 2002). ZEW Discussion Paper No. 02-09, Available at SSRN: https://ssrn.com/abstract=319326 or http://dx.doi.org/10.2139/ssrn.319326

Christoph Bohringer (Contact Author)

University of Oldenburg - Economic Policy ( email )

Centre for European Economic Research (ZEW) ( email )

D-68161 Mannheim
Germany
+49 6211235200 (Phone)
+49 6211235226 (Fax)

Carsten Vogt

Zentrum fuer EuropSische Wirtschaftsforschung (ZEW Centre for European Economic Research), Environmental & Resource Economics ( email )

Eco-management
D-68161 Mannheim
Germany
+49 6211235200 (Phone)
+49 6211235226 (Fax)

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