https://pure.iiasa.ac.at/id/eprint/5940 2021-08-27T17:16:55Z info:eu-repo/semantics/descriptiveMetadata https://pure.iiasa.ac.at/id/eprint/5940/ Costs of a Ceiling on Kyoto Flexibility Gusbin, D. Klaassen, G. Kouvaritakis, N. 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. RR-00-011. Reprinted from Energy Policy, 27:833-844 [1999]. 1999 Monograph PeerReviewed text en cc_by https://pure.iiasa.ac.at/id/eprint/5940/1/RR-00-11.pdf Gusbin, D., Klaassen, G. <https://pure.iiasa.ac.at/view/iiasa/1376.html>, & 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]. info:eu-repo/semantics/objectFile info:eu-repo/semantics/humanStartPage