Can Equity Enhance Efficiency ? Lessons from the Kyoto Protocol

  title={Can Equity Enhance Efficiency ? Lessons from the Kyoto Protocol},
  author={Francesco Bosello and Barbara Buchner and Carlo Carraro and Davide Raggi and Eni Enrico Mattei},
This paper analyses the relationship between different equity rules and the incentives to sign and ratify a climate agreement. A widespread conjecture suggests that a more equitable ex-ante distribution of the burden of reducing emissions would provide the right incentives for more countries particularly big emitters to accept an emission reduction scheme defined within an international climate agreement. This paper shows that this conjecture is only partly supported by the empirical evidence… CONTINUE READING
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