FEEM working papers "Note di lavoro" series
2008 .085

Modelling Economic Impacts of Alternative International Climate Policy Architectures. A Quantitative and Comparative Assessment of Architectures for Agreement


Authors: Valentina Bosetti, Carlo Carraro, Alessandra Sgobbi, Massimo Tavoni
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Book
Keywords: Climate Policy,Integrated Modelling,International Agreements
JEL n.: C72,H23,Q25,Q28
JEL: Chapter in Post-Kyoto International Climate Policy, Joseph E. Aldy and Robert N. Stavins (eds)
Published in: Cambridge University Press
Date: 09/2009

Abstract

This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.

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