Flexible Mechanisms for an Efficient Climate Policy

1. Front Matter

   Pages i-viii

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2. Introduction

   • Karl Ludwig Brockmann, Marcus Stronzik

   Pages 1-6

3. Anthropogenic Climate Change: The Risk of Unpleasant Surprises

   • Stefan Rahmstorf

   Pages 7-11

4. Possibilities and Limitations for Flexible Compliance with the Kyoto Targets

   • Hans-Jürgen Ewers

   Pages 13-18

5. Shaping Greenhouse Gas Abatement Strategies — Policy Issues and Quantitative Insights

   • Christoph Böhringer

   Pages 19-29

6. Design of the Flexibility Mechanisms: An NGO’s Perspective

   • Nathalie Eddy

   Pages 31-38

7. Project-Based Instruments: Economic Consequences of the Kyoto and Buenos Aires Framework and Options for Future Development

   • Axel Michaelowa

   Pages 39-61

8. Key Developments Related to Greenhouse Gas Trading and Key Issues to Be Resolved

   • Viktor Danilov-Danilian

   Pages 63-69

9. US Experience in SO2 and NOX Emissions Trading and Developments in the Greenhouse Gas Market

   • Garth Edward

   Pages 71-75

10. Political and Economic Scope for Permit Markets in Europe

    • Gert Tinggaard Svendsen

    Pages 77-86

11. Negotiated Agreements and ‘Flexible Mechanisms’: Building Blocks for Efficient Kyoto Implementation Strategies in the European Union?

    • Peter Zapfel

    Pages 87-98

12. Greenhouse Gas Emissions Trading in a Private Company — BP Amoco’s Flexible Mechanisms for an Efficient Climate Policy

    • Peter Knoedel

    Pages 99-109

13. Meeting the Climate Challenge in the Near Term: Policy Incentives for Early Action

    • Annie Petsonk, Joseph Goffman

    Pages 111-125

14. A Proposal for Credible Early Action in US Climate Policy

    • Raymond Kopp, Richard Morgenstern, William Pizer, Michael Toman

    Pages 127-130

In the Kyoto Protocol to the UN Framework Convention on Climate Change, industrialized countries agreed on binding absolute targets for greenhouse gas emissions and on the admission of flexible market-economy instruments - such as emissions trading, joint implementation and the clean development mechanism - used for reaching the targets. The contributions in this volume reveal that flexible instruments can lower the costs of climate protection considerably - not only in theory, but also in practice. Concerning implementation, it will be necessary to take care of possible loopholes, uncertainties and transaction costs which may be too high if no proper design is chosen.

• Climate Change
• Climate Policy
• Climate Protection
• Emissions Trading
• Greenhouse Gas
• Greenhouse Gas Emissions
• Kyoto Protocol
• development
• non-governmental organizations

• Centre for European Economic Research (ZEW), Mannheim, Germany

  Karl Ludwig Brockmann, Marcus Stronzik

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