Instruments for Climate Policy Limited versus Unlimited Flexibility

About this book

The Kyoto Protocol introduced international flexible mechanisms into climate policy and since then, the design and most effective use of flexible instruments have become key areas for climate policy research. This text focuses on economic and political aspects related to the recent proposals and the debate on limits in flexibility, and discusses EU and US perspectives on climate policy instruments and strategies. This is followed by chapters on economic efficiency and the use of flexible instruments as well as contributions to the debate on "when flexibility", on the arguments behind the EU ceilings proposal and on voluntary approaches to climate policy. One of the main conclusions reached with respect to proposals for limiting flexibility is the need to evaluate simultaneously their economic, ecological and international political consequences.

Contents

Climate policy instruments and strategies - EU and US perspectives, Peter Zapfel, David Gardiner; economic efficiency of cross sectoral emission trading in CO2 in the European Union, Pantelis Capros, Leonidas Mantzos, Matti Vainio, Peter Zapfel; why did the EU propose to limit emissions trading? a theoretical and empirical analysis, Edwin Woerdman; supplementarity in the European carbon emission market, Johan Eyckmans, Jan Cornillie; on the optimal timing of reductions in CO2 emissions - an economists' perspective on the debate on "when flexibility", Henri L.F. de Groot; joint implementation as a flexible instrument - a CGE analysis between a developing and an industrialized country, Christoph Bohringer, Klaus Conrad, Andreas Loschel; the Aurtralian greenhouse challenge - lessons learned and future prospects for voluntary approaches in climate policy, Rory Sullivan, Robin Ormerod; the clean development mechanism - potential, promise and limitations, J.P. Painuly; management of joint implementation and clean development mechanism projects through carbon investment funds, Josef Janssen; on the dynamic efficiency and environmental integrity of GHG tradable quotas, Khalil Helioui.

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