Costs of a ceiling on Kyoto flexibility
(1999) Energy Policy — Vol. 27, n° 14, p. 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 system. The results suggest that if emission trading were restricted to Annex I countries, halving the traded volume would increase costs by 11 billion $/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 12 billion $/year. Global carbon emissions might however be 1% lower. The sensitivity of the results is discussed. (C) 2000 Elsevier Science Ltd. All rights reserved.
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Gusbin, D., Klaassen, G., & Kouvaritakis, N. (1999). Costs of a ceiling on Kyoto flexibility. Energy Policy, 27(14), 833-844. https://doi.org/10.1016/S0301-4215(99)00075-0 (Original work published 1999)