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The Kyoto Protocol and its Carbon Market

In: Reversing Climate Change How Carbon Removals can Resolve Climate Change and Fix the Economy

Author

Listed:
  • Graciela Chichilnisky
  • Peter Bal

Abstract

The Kyoto Protocol creates incentives for new technology and has the potential to change the way we use energy and resolve global warming. It breaks new ground. It is important to remember that it is the first international agreement based on the creation of a new global market, a market for trading rights to use the planet’s atmosphere…

Suggested Citation

  • Graciela Chichilnisky & Peter Bal, 2020. "The Kyoto Protocol and its Carbon Market," World Scientific Book Chapters, in: Reversing Climate Change How Carbon Removals can Resolve Climate Change and Fix the Economy, chapter 4, pages 62-95, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814719360_0004
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    More about this item

    Keywords

    COP21; Climate Change; UNFCCC; Carbon Negative Technology;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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