Modelling Economic Impacts of Alternative International Climate Policy Architectures. A Quantitative and Comparative Assessment of Architectures for Agreement
Valentina Bosetti, Carlo Carraro, Alessandra Sgobbi, Massimo Tavoni
Climate Policy,Integrated Modelling,International Agreements
Climate Change and Sustainable Development
Cambridge University Press
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.