China and the Evolution of the Present Climate Regime

38 Pages Posted: 20 Dec 2003

See all articles by Barbara K. Buchner

Barbara K. Buchner

International Energy Agency; Fondazione Eni Enrico Mattei (FEEM)

Carlo Carraro

Fondazione Eni Enrico Mattei (FEEM); Ca' Foscari University of Venice; CMCC - Euro Mediterranean Centre for Climate Change (Climate Policy Division); IPCC; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute); Centre for European Policy Studies, Brussels; Green Growth Knowledge Platform; International Center for Climate Governance

Date Written: November 2003

Abstract

The recent events that followed the US decision not to comply with the Kyoto Protocol seem to drastically undermine the effectiveness of the Protocol in controlling GHG emissions. Therefore, it is important to explore whether there are economic factors and policy strategies that might help the US to modify its current policy and move back to the Kyoto-Bonn agreement. For example, can an increased participation of developing countries induce the US to effectively participate in the effort to reduce GHG emissions? Is a single emission trading market the appropriate policy framework to increase participation in the Kyoto-Bonn agreement? This paper addresses the above questions by analysing whether the participation of China in the cooperative effort to control GHG emissions can provide adequate incentives for the US to move back to the Kyoto process and eventually ratify the Kyoto Protocol. This paper analyses three different climate regimes in which China could be involved and assesses the participation incentives for the major world countries and regions in these three regimes.

Keywords: Agreements, Climate, Incentives, Negotiations, Policy

JEL Classification: C72, H23, Q25, Q28

Suggested Citation

Buchner, Barbara K. and Carraro, Carlo, China and the Evolution of the Present Climate Regime (November 2003). FEEM Working Paper No. 103.2003, Available at SSRN: https://ssrn.com/abstract=478841 or http://dx.doi.org/10.2139/ssrn.478841

Barbara K. Buchner (Contact Author)

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Carlo Carraro

Fondazione Eni Enrico Mattei (FEEM) ( email )

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