IDEAS home Printed from https://ideas.repec.org/a/taf/tcpoxx/v2y2002i1p111-117.html
   My bibliography  Save this article

Evaluating the Bonn-Marrakesh agreement

Author

Listed:
  • Michel G.J. den Elzen
  • Andr� P.G. de Moor

Abstract

This article evaluates the environmental effectiveness and economic efficiency of the Kyoto Protocol after the Bonn Agreement and the Marrakesh Accords. The US withdrawal has by far the greatest impact in reducing the environmental effectiveness, lowering the price of traded emission permits and reducing Annex I abatement costs. The decisions on sinks imply that the Annex I CO 2 -equivalent emissions without the US will come out at about 1/2% below base-year level, instead of over 4% below base-year level. Without US participation, the emission permit price is estimated to be low. Therefore, banking hot air by Russia and the Ukraine is of absolute importance for the development of a viable emissions trading market, and would also enhance the environmental effectiveness of the Kyoto Protocol.

Suggested Citation

  • Michel G.J. den Elzen & Andr� P.G. de Moor, 2002. "Evaluating the Bonn-Marrakesh agreement," Climate Policy, Taylor & Francis Journals, vol. 2(1), pages 111-117, March.
    • Handle: RePEc:taf:tcpoxx:v:2:y:2002:i:1:p:111-117
    DOI: 10.3763/cpol.2002.0210
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.3763/cpol.2002.0210
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.3763/cpol.2002.0210?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Böhringer, Christoph, 2001. "Climate politics from Kyoto to Bonn: from little to nothing?!?," ZEW Discussion Papers 01-49, ZEW - Leibniz Centre for European Economic Research.
    2. Odile Blanchard & Patrick Criqui & Alban Kitous, 2002. "After The Hague, Bonn and Marrakech : the future international market for emissions permits and the issue of hot air," Post-Print halshs-00196364, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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.
    2. Kerkelä, Leena, 2009. "Essays on globalization - Policies in trade, development, resources and climate change," Research Reports 50, VATT Institute for Economic Research.
    3. Kerkelä, Leena & Pohjola, Johanna & Mäkipää, Raisa, 2003. "Who Gains from Credited Forest Carbon Sinks: Finland and other Annex I Countries in Comparison," Discussion Papers 291, VATT Institute for Economic Research.
    4. Lecocq, Franck & Crassous, Renaud, 2003. "International climate regime beyond 2012 - are quota allocation rules robust to uncertainty?," Policy Research Working Paper Series 3000, The World Bank.
    5. den Elzen, Michel & Höhne, Niklas & van Vliet, Jasper, 2009. "Analysing comparable greenhouse gas mitigation efforts for Annex I countries," Energy Policy, Elsevier, vol. 37(10), pages 4114-4131, October.
    6. Springer, Urs, 2003. "The market for tradable GHG permits under the Kyoto Protocol: a survey of model studies," Energy Economics, Elsevier, vol. 25(5), pages 527-551, September.
    7. Kerkelä, Leena, 2009. "Essays on globalization - Policies in trade, development, resources and climate change," Research Reports P50, VATT Institute for Economic Research.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Klepper, Gernot & Peterson, Sonja, 2006. "Marginal abatement cost curves in general equilibrium: The influence of world energy prices," Resource and Energy Economics, Elsevier, vol. 28(1), pages 1-23, January.
    2. Kemfert, Claudia & Zhang, ZhongXiang, 2003. "Linking developing country's cooperation on climate control with industrialized country's R&D and technology transfer," MPRA Paper 41473, University Library of Munich, Germany.
    3. Barbara Buchner & Carlo Carraro, 2004. "Economic and environmental effectiveness of a technology-based climate protocol," Climate Policy, Taylor & Francis Journals, vol. 4(3), pages 229-248, September.
    4. Klepper, Gernot & Peterson, Sonja, 2003. "On the robustness of marginal abatement cost curves: the influence of world energy prices," Kiel Working Papers 1138, Kiel Institute for the World Economy (IfW Kiel).
    5. Warwick McKibbin & Peter Wilcoxen, 2008. "Building On Kyoto: Towards A Realistic Global Climate Agreement," CAMA Working Papers 2008-13, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Axel Michaelowa, 2006. "Can insurance deal with negative effects arising from climate policy measures?," Climate Policy, Taylor & Francis Journals, vol. 6(6), pages 672-682, November.
    7. Kerkelä, Leena, 2009. "Essays on globalization - Policies in trade, development, resources and climate change," Research Reports P50, VATT Institute for Economic Research.
    8. Hansjürgens, Bernd, 2008. "Internationale Klimapolitik nach Kyoto: Architekturen und Institutionen," UFZ Discussion Papers 10/2008, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    9. Bernard, A. & Haurie, A. & Vielle, M. & Viguier, L., 2008. "A two-level dynamic game of carbon emission trading between Russia, China, and Annex B countries," Journal of Economic Dynamics and Control, Elsevier, vol. 32(6), pages 1830-1856, June.
    10. Carraro, Carlo & Buchner, Barbara & Cersosimo, Igor, 2002. "On the Consequences of the US Withdrawal from the Kyoto/Bonn Protocol," CEPR Discussion Papers 3239, C.E.P.R. Discussion Papers.
    11. Warwick J. McKibbin, 2006. "Global Energy and Environmental Impacts of an Expanding China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 14(4), pages 38-56, August.
    12. Gernot Klepper & Sonja Peterson, 2005. "Trading Hot-Air. The Influence of Permit Allocation Rules, Market Power and the US Withdrawal from the Kyoto Protocol," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(2), pages 205-228, October.
    13. Reto Schleiniger, 2004. "Global Carbon Trade and Local Externalities," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 140(II), pages 245-264, June.
    14. den Elzen, Michel & Roelfsema, Mark & Slingerland, Stephan, 2010. "Dealing with surplus emissions in the climate negotiations after Copenhagen: What are the options for compromise?," Energy Policy, Elsevier, vol. 38(11), pages 6615-6628, November.
    15. Klepper, Gernot & Peterson, Sonja, 2002. "US participation, permit allocation, and hot air supply," Open Access Publications from Kiel Institute for the World Economy 4237, Kiel Institute for the World Economy (IfW Kiel).
    16. Dissou, Yazid & Mac Leod, Carolyn & Souissi, Mokhtar, 2002. "Compliance costs to the Kyoto Protocol and market structure in Canada: a dynamic general equilibrium analysis," Journal of Policy Modeling, Elsevier, vol. 24(7-8), pages 751-779, November.
    17. Carraro, Carlo & Buchner, Barbara & Cersosimo, Igor & Marchiori, Carmen, 2002. "Back to Kyoto? US Participation and the Linkage Between R&D and Climate Cooperation," CEPR Discussion Papers 3299, C.E.P.R. Discussion Papers.
    18. Larson, Donald F. & Ambrosi, Philippe & Dinar, Ariel & Rahman, Shaikh Mahfuzur & Entler, Rebecca, 2008. "Carbon markets, institutions, policies, and research," Policy Research Working Paper Series 4761, The World Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:tcpoxx:v:2:y:2002:i:1:p:111-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/tcpo20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.