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This project addresses the implications of the "new" Kyoto-Bonn-Marrakech agreement on climate change control. It focuses on the implications for the market of international emission trading and for the stability of the emerged coalition as well as the question of "issue linkage".

This project addresses the implications of the "new" Kyoto-Bonn-Marrakech agreement on climate change control. It focuses on the implications for the market of international emission trading and for the stability of the emerged coalition as well as the question of "issue linkage".

Members of the Programme are currently engaged in research concerning the implications of the "new" Kyoto-Bonn-Marrakech agreement on climate change control. The implications for the market of international emission trading and for the stability of the emerged coalition as well as the question of "issue linkage" are also investigated. Research has begun on "Post-Kyoto scenarios", i.e. the analysis of what happens after the "first commitment period".

Concerning endogenous and induced technical change, researchers are currently engaged in extending previous modelling work and completing the transition to the new Nordhaus’ RICE99 model. Finally, a line of research aiming to account for uncertainty in the endogenous process of technical change has been recently opened. Last March 2004 researcher Valentina Bosetti spent two weeks in Geneva, cooperating with Prof. Alain B. Haurie (Department of Management Studies, Genève University). In May-July 2004 Laurent Gilotte (CIRED) cooperated with CCPS researchers at FEEM Milan on issues concerning uncertainty and technical change. So far a number of papers have been produced, which will soon come out as FEEM working papers.