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Opportunities and Challenges for the 20th Anniversary of the Montréal Protocol

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  • Norman, Catherine S.
  • DECANIO, STEPHEN J
  • Fan, Lin

Abstract

This paper considers the success of the Montreal Protocol on Substances that deplete the Ozone Layer in addressing an incompletely understood global environmental hazard under risk and uncertainty, and its implications for and interactions with other global environmental protection regimes, particularly the Kyoto Protocol. We illustrate a method for assessing joint impacts of projects and policies designed to reduce environmental damage in the absence of a coordinated legal and regulatory framework. Further, we note areas for improvements in coordination and efficiency across the treaties.

Suggested Citation

  • Norman, Catherine S. & DECANIO, STEPHEN J & Fan, Lin, 2007. "Opportunities and Challenges for the 20th Anniversary of the Montréal Protocol," University of California at Santa Barbara, Economics Working Paper Series qt3t90g0gr, Department of Economics, UC Santa Barbara.
    • Handle: RePEc:cdl:ucsbec:qt3t90g0gr
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    4. Stern,Nicholas, 2007. "The Economics of Climate Change," Cambridge Books, Cambridge University Press, number 9780521700801, November.
    5. Stephen J. Decanio & Catherine S. Norman, 2005. "Economics Of The “Critical Use” Of Methyl Bromide Under The Montreal Protocol," Contemporary Economic Policy, Western Economic Association International, vol. 23(3), pages 376-393, July.
    6. Martin L. Weitzman, 2007. "A Review of the Stern Review on the Economics of Climate Change," Journal of Economic Literature, American Economic Association, vol. 45(3), pages 703-724, September.
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