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Climate Politics from Kyoto to Bonn: From Little to Nothing?

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  • Christoph Bohringer

Abstract

We investigate how the U.S. withdrawal from the Kyoto Protocol and the provisions of the Bonn climate Policy conference on sink credits and emissions trading will change the economic and environmental impacts of the Protocol in its original form. Based on simulations with a large-scale computable general equilibrium model, we find that the U.S. withdrawal and amendments of Bonn reduce the Kyoto Protocol's impact to business-as-usual without binding emission constraints. U.S. compliance under the new Bonn provisions, on the other hand, would accommodate a substantial cut in global emissions at relatively small compliance costs for OECD countries.

Suggested Citation

  • Christoph Bohringer, 2002. "Climate Politics from Kyoto to Bonn: From Little to Nothing?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 51-71.
    • Handle: RePEc:aen:journl:2002v23-02-a03
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    Cited by:

    1. Jon Hovi & Bjart Holtsmark, 2006. "Cap-and-trade or carbon taxes? The feasibility of enforcement and the effects of non-compliance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 6(2), pages 137-155, June.
    2. Böhringer, Christoph & Vogt, Carsten, 2002. "Dismantling of a breakthrough: the Kyoto Protocol - just symbolic policy!," ZEW Discussion Papers 02-25, ZEW - Leibniz Centre for European Economic Research.
    3. Böhringer, Christoph & Hoffmann, Tim & de Lara Peñate, Casiano Manrique, 2005. "The Efficiency Costs of Separating Carbon Markets Under the EU Emissions Trading Scheme: A Quantitative Assessment for Germany," ZEW Discussion Papers 05-06, ZEW - Leibniz Centre for European Economic Research.
    4. Leo Schrattenholzer & Gerhard Totschnig, 2005. "An Analysis of Alternative Emission Trading Strategies of Parties to the Kyoto Protocol," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 74(2), pages 217-234.
    5. Bogliacino, Francesco & Mantilla, César & Niño, Daniel, 2023. "Economic incentives and political inequality in the management of environmental public goods," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 104(C).
    6. Christoph Böhringer & Andreas Lange, 2005. "Mission Impossible !? On the Harmonization of National Allocation Plans under the EU Emissions Trading Directive," Journal of Regulatory Economics, Springer, vol. 27(1), pages 81-94, September.
    7. Rutherford, Thomas F. & Böhringer, Christoph, 2002. "In Search of a Rationale for Differentiated Environmental Taxes," ZEW Discussion Papers 02-30, ZEW - Leibniz Centre for European Economic Research.
    8. Christoph Böhringer & Ulf Moslener & Bodo Sturm, 2007. "Hot air for sale: a quantitative assessment of Russia’s near-term climate policy options," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 38(4), pages 545-572, December.
    9. Cathrine Hagem, 2008. "Incentives for merger in a noncompetitive permit market," Discussion Papers 568, Statistics Norway, Research Department.
    10. Stavins, Robert N., 2004. "Can an Effective Global Climate Treaty Be Based on Sound Science, Rational Economics, and Pragmatic Politics," Discussion Papers 10720, Resources for the Future.
    11. Richard S.J. Tol, 2002. "Technology Protocols For Climate Change: An Application Of Fund," Working Papers FNU-14, Research unit Sustainability and Global Change, Hamburg University, revised Sep 2002.
    12. Böhringer, Christoph & Frondel, Manuel, 2002. "Assessing Voluntary Commitments: Monitoring is Not Enough!," ZEW Discussion Papers 02-62, ZEW - Leibniz Centre for European Economic Research.
    13. Böhringer, Christoph & Rosendahl, Knut Einar, 2009. "Strategic partitioning of emission allowances under the EU Emission Trading Scheme," Resource and Energy Economics, Elsevier, vol. 31(3), pages 182-197, August.
    14. Klaus Eisenack, 2011. "Adaptation financing as part of a global climate agreement: Is the adaptation levy appropriate?," Working Papers V-334-11, University of Oldenburg, Department of Economics, revised Mar 2011.
    15. Johan Eyckmans & Cathrine Hagem, 2008. "The European Union's potential for strategic emissions trading in a post-Kyoto climate agreement," Discussion Papers 530, Statistics Norway, Research Department.
    16. Bjart J. Holtsmark & Knut H. Alfsen, 2004. "Implementation of the Kyoto Protocol without Russian participation," Discussion Papers 376, Statistics Norway, Research Department.
    17. Jann Lay & Rainer Thiele & Manfred Wiebelt, 2008. "Resource Booms, Inequality, And Poverty: The Case Of Gas In Bolivia," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 54(3), pages 407-437, September.
    18. Böhringer, Christoph & Vogt, Carsten, 2002. "Rio - 10 Years After: A Critical Appraisal of Climate Policy," ZEW Discussion Papers 02-09, ZEW - Leibniz Centre for European Economic Research.
    19. Hagem, Cathrine & Mæstad, Ottar, 2003. "Market power in the market for greenhouse gas emissions permits - the interplay with the fossil fuel markets," Memorandum 34/2002, Oslo University, Department of Economics.
    20. Johan Eyckmans & Cathrine Hagem, 2009. "The European Union's Potential for Strategic Emissions Trading through Minimal Permit Sale Contracts," CESifo Working Paper Series 2809, CESifo.
    21. Torstein Bye, 2003. "On the Price and Volume Effects from Green Certificates in the Energy Market," Discussion Papers 351, Statistics Norway, Research Department.
    22. Haar, Laura N. & Haar, Lawrence, 2006. "Policy-making under uncertainty: Commentary upon the European Union Emissions Trading Scheme," Energy Policy, Elsevier, vol. 34(17), pages 2615-2629, November.
    23. Anger, Niels & Böhringer, Christoph & Moslener, Ulf, 2007. "Macroeconomic Impacts of the Clean Development Mechanism: The Role of Investment Barriers and Regulations," ZEW Discussion Papers 07-026, ZEW - Leibniz Centre for European Economic Research.
    24. Dagoumas, A.S. & Papagiannis, G.K. & Dokopoulos, P.S., 2006. "An economic assessment of the Kyoto Protocol application," Energy Policy, Elsevier, vol. 34(1), pages 26-39, January.

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    JEL classification:

    • F0 - International Economics - - General

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