The Kyoto Protocol: An Economic Appraisal

@article{Grubb2000TheKP,
  title={The Kyoto Protocol: An Economic Appraisal},
  author={M. Grubb},
  journal={Environmental Economics},
  year={2000}
}
  • M. Grubb
  • Published 2000
  • Economics
  • Environmental Economics
  • This paper examines the overall economics of the Kyoto Protocol on climate change, in three main parts. The first part explores the structure of the Protocol and how this matches against classical economic criteria of an 'optimal' climate change agreement. This discussion also considers the nature of and reasons for shortcomings, and the prospects for its evolution. Given the various flexibilities in the agreement, the Kyoto Protocol is far more economically efficient in its structure than any… CONTINUE READING
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