Costs of a Ceiling on Kyoto Flexibility

Gusbin D, Klaassen G, & Kouvaritakis N (1999). Costs of a Ceiling on Kyoto Flexibility. IIASA Research Report (Reprint). IIASA, Laxenburg, Austria: RR-00-011. Reprinted from Energy Policy, 27:833-844 [1999].

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Abstract

This paper examines the potential costs of a ceiling on the use of flexibility mechanisms in the Kyoto Protocol using POLES, a partial equilibrium model of the world energy systems. The results suggest that if emission trading were restricted to Annex I countries, halving the traded volume would increase costs by US$11 billion per year. If emission trading were to operate at a global level, reducing the trade to half the perfect market volume would increase annual costs by US$12 billion per year. Global carbon emission might, however, be 1% lower. The sensitivity of the results is discussed.

Item Type: Monograph (IIASA Research Report (Reprint))
Research Programs: Environmentally Compatible Energy Strategies (ECS)
Bibliographic Reference: Reprinted from Energy Policy; 27:833-844 [1999]
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:11
Last Modified: 24 Aug 2016 11:34
URI: http://pure.iiasa.ac.at/5940

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