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Kyoto Commitment And Emissions Trading: A European Union Perspective

Ciorba, Umberto - Lanza, Alessandro - Pauli, Francesco (2001) Kyoto Commitment And Emissions Trading: A European Union Perspective. Working Paper. CRENoS.

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Official URL: http://www.crenos.it/working/pdf/01-02.pdf

Abstract

This paper presents an estimation of the cost of reducing CO2 emissions as agreed in Kyoto by Annex I countries. Unlike most of the existing literature, this paper focuses on European Union countries abatement costs and, using a simple model, estimates the role of each EU country within a EU market as well as an Annex 1 market. As a major result, marginal (and total) abatement costs for each EU country (as well as the EU total cost) are presented. Some conclusions on the redistribution of income among market participants related to the trading system are also shown.

Item Type:Technical Report / Working Paper / Project Report (Working Paper)
Publisher:CRENoS
Date:2001
Institution:Universita' degli Studi di Cagliari
Divisions:Centri > CRENoS Centro Ricerche Economiche Nord Sud
Subjects:Area 13 - Scienze economiche e statistiche > SECS-P/02 Politica economica
Uncontrolled Keywords:Pollution, Annex 1 market
ID Code:306
Deposited On:12 Nov 2008 11:12

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