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Does The Kyoto Protocol Cost Too Much And Create Unbreakable Barriers For Economic Growth?

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  • ALEXANDER GOLUB
  • ANIL MARKANDYA
  • DOMINIC MARCELLINO

Abstract

We look to the literature on short‐term cost models, long‐term models based on endogenous growth, and long‐term models that assume induced technical change, in order to demonstrate the current understanding of costs, which is the focus of the debate on abating climate change. Using these insights as well as other results—like the role of ancillary benefits and the lack of a relationship between decarbonization and economic growth—our contribution to this debate will be to help policy makers understand how economic analyses are conducted and how they should be used in the subsequent political discussions. (JEL Q52, Q54, Q58)

Suggested Citation

  • Alexander Golub & Anil Markandya & Dominic Marcellino, 2006. "Does The Kyoto Protocol Cost Too Much And Create Unbreakable Barriers For Economic Growth?," Contemporary Economic Policy, Western Economic Association International, vol. 24(4), pages 520-535, October.
    • Handle: RePEc:bla:coecpo:v:24:y:2006:i:4:p:520-535
    DOI: 10.1093/cep/byl012
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    References listed on IDEAS

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    Cited by:

    1. Alessandro Antimiani & Valeria Costantini & Anil Markandya & Chiara Martini & Alessandro Palma, 2014. "A dynamic CGE modelling approach for analyzing trade-offs in climate change policy options: the case of Green Climate Fund," Working Papers 2014-05, BC3.
    2. Markandya, A. & Antimiani, A. & Costantini, V. & Martini, C. & Palma, A. & Tommasino, M.C., 2015. "Analyzing Trade-offs in International Climate Policy Options: The Case of the Green Climate Fund," World Development, Elsevier, vol. 74(C), pages 93-107.
    3. Anil Markandya, 2009. "Forum 2009," Development and Change, International Institute of Social Studies, vol. 40(6), pages 1139-1152, November.
    4. Yoomi Kim & Katsuya Tanaka & Shunji Matsuoka, 2020. "Environmental and economic effectiveness of the Kyoto Protocol," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-15, July.
    5. Adam Rose & Dan Wei & Fynnwin Prager, 2012. "Distributional Impacts Of Greenhouse Gas Emissions Trading: Alternative Allocation And Recycling Strategies In California," Contemporary Economic Policy, Western Economic Association International, vol. 30(4), pages 603-617, October.
    6. Huang, Hui-Fen & Lo, Shang-Lien, 2011. "Review and classify the GHGs-related indicators," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(1), pages 594-602, January.
    7. Chitiga, M. & Mabugu, R. & Maisonnave, H., 2014. "Real Effects of Public Debt on National Development," Conference papers 332555, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    8. Markandya, Anil, 2011. "Equity and Distributional Implications of Climate Change," World Development, Elsevier, vol. 39(6), pages 1051-1060, June.

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    More about this item

    JEL classification:

    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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