TY  - RPRT
CY  - IIASA, Laxenburg, Austria
ID  - iiasa5940
UR  - https://pure.iiasa.ac.at/id/eprint/5940/
A1  - Gusbin, D.
A1  - Klaassen, G.
A1  - Kouvaritakis, N.
Y1  - 1999///
N2  - 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.
PB  - RR-00-011. Reprinted from Energy Policy, 27:833-844 [1999].
SN  - 0301-4215
M1  - research_reprint
TI  - Costs of a Ceiling on Kyoto Flexibility
SP  - 833
AV  - public
EP  - 844
ER  -