2002 World Congress of Environmental and Resource Economists

We investigate how the U.S. withdrawal and the provision of the Bonn climate policy conference on sink credits and emissions trading will change the economic and environmental impacts of the Kyoto Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that U.S. withdrawal and the amendments of Bonn boil down the Kyoto Protocol to business-as-usual without binding emission constraint. U.S. compliance under the new Bonn provisions, on the other hand, would accommodate a substantial cut in global emissions at relatively small compliance costs for OECD countries.



	Paper Title:	Climate Politics From Kyoto To Bonn: From Little To Nothing?
	Presenting Author:	Christoph Böhringer (Centre for European Economic Research (ZEW))
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	Abstract:	We investigate how the U.S. withdrawal and the provision of the Bonn climate policy conference on sink credits and emissions trading will change the economic and environmental impacts of the Kyoto Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that U.S. withdrawal and the amendments of Bonn boil down the Kyoto Protocol to business-as-usual without binding emission constraint. U.S. compliance under the new Bonn provisions, on the other hand, would accommodate a substantial cut in global emissions at relatively small compliance costs for OECD countries.
	Link to paper:	http://weber.ucsd.edu/~carsonvs/papers/588.pdf

	Session / Day / Time	1A / Monday / 8:00 - 10:00 am

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