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Can the Eu Persuade the Us to Rejoin the Kyoto Agreement?

Author

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  • Jesper Krogstrup
  • Gert Tinggaard Svendsen

Abstract

The aim of this work is to identify a clear policy proposal for how the EU may persuade the US to rejoin the Kyoto agreement. Accordingly the US' three major concerns in The Hague about the Kyoto Protocol have been investigated with the following result. Firstly, the EU should scrap the supplementarity principle of 50% domestic reduction or at least reduce it considerably. This would lower costs particularly by enhancing more free trade with emission permits. Secondly, the EU should support the US proposal to incorporate carbon sinks into the Protocol. Thirdly, the developing countries should be persuaded to make binding commitments preventing any carbon leakage which is harmful to the American economy. Together these measures should minimize US compliance costs, and ensure for the US a positive net gain from participation and thereby provide an incentive to rejoin. The overall result is that the EU necessarily has to make concessions to persuade the World's largest CO 2 emitter to join international climate negotiations again. This would ensure environmental improvement and co-operation in contrast to the present situation of US refusal to participate.

Suggested Citation

  • Jesper Krogstrup & Gert Tinggaard Svendsen, 2004. "Can the Eu Persuade the Us to Rejoin the Kyoto Agreement?," Energy & Environment, , vol. 15(3), pages 427-435, July.
    • Handle: RePEc:sae:engenv:v:15:y:2004:i:3:p:427-435
    DOI: 10.1260/0958305041494729
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    References listed on IDEAS

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    1. Urs Steiner Brandt & Gert Tinggaard Svendsen, 2001. "Hot air in Kyoto, cold air in The Hague," Working Papers 22/01, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    2. Gert T. Svendsen, 1998. "public choice and environmental regulation," Books, Edward Elgar Publishing, number 1298.
    3. Gert T. Svendsen, 2003. "The Political Economy of the European Union," Books, Edward Elgar Publishing, number 2621.
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    Cited by:

    1. Urs Steiner Brandt & Gert Tinggaard Svendsen, 2014. "A Blind Eye to Industry-Level Corruption? The Risk of Favouring Domestic Industries in the EU ETS," Energy & Environment, , vol. 25(2), pages 263-279, April.

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