ENGLISH

Flexible Mechanisms for an Efficient Climate Policy: Cost Saving Policies and Business Opportunities

By Karl Ludwig Brockmann , Marcus Stronzik (auth.) , Dr. Karl Ludwig Brockmann , Dipl.-Wirtschaftsing. Marcus Stronzik (eds.)

Book information

Publisher
Physica-Verlag Heidelberg
Year
2000
ISBN
978-3-7908-1314-2, 978-3-642-57691-1
DOI
10.1007/978-3-642-57691-1
Language
english
Format
PDF
Filesize
3 MB (2942794 bytes)
Series
ZEW Economic Studies 11
Edition
1
Pages
130\130
Time added
2013-12-12 02:00:00
Environmental Economics; Economic Policy; Environm

Description

In the Kyoto Protocol to the UN Framework Convention on Climate Change, industrialized countries agreed on binding absolute targets for greenhouse gas emissions and on the admission of flexible market-economy instruments - such as emissions trading, joint implementation and the clean development mechanism - used for reaching the targets. The contributions in this volume reveal that flexible instruments can lower the costs of climate protection considerably - not only in theory, but also in practice. Concerning implementation, it will be necessary to take care of possible loopholes, uncertainties and transaction costs which may be too high if no proper design is chosen.

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