Article thumbnail

International environment agreements and the case of global warming

By Johan Eyckmans

Abstract

First, this article uses standard welfare economics to illustrate the market failure and policy coordination problems caused by transboundary pollution problems in general and global warming in particular. Secondly, a brief overview is given of the main results obtained by empirical modelling exercises that combine both cost and damage estimates for global warming. Thirdly, the theoretical conclusions are confronted with the reality of ongoing international climate negotiations and the 1997 Kyoto Protocol is evaluated from an economic point of view. Finally, some recommendations are made for the design of future climate agreements.global warming, externalities, international environmental agreements, Nash equilibrium, cost efficiency, participation constraints, equity, Kyoto Protocol

OAI identifier:

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.

Suggested articles

Citations

  1. (1997). analysis of impact of CoP6bis, CoP7 and the US withdrawal for the
  2. (1994). F.) chapter 4. Cambridge: Cambridge University Press. [comprehensive assessment of the use of discounting techniques in the context of global warming]
  3. General overview of the physical and economic aspects of climate
  4. (2001). How large is the gap between present and efficient transport prices in Europe?
  5. (2002). International Environment Agreements And The Case Of Global Warming n°
  6. (2001). Resource Economics 2, 117-139. [this article uses optimal control theory to derive optimal emission control policies for transboundary stock externality problems] Economic studies assessing the Kyoto Protocol: Böhringer C.