The costs of the Kyoto protocol in the European Union

@article{Viguier2003TheCO,
  title={The costs of the Kyoto protocol in the European Union},
  author={L. Viguier and M. Babiker and J. Reilly},
  journal={Energy Policy},
  year={2003},
  volume={31},
  pages={459-481}
}
We estimate reference CO2 emission projections in the European Union, and quantify the economic impacts of the Kyoto commitment on Member States. We consider the case where each EUmember individually meets a CO 2 emissions target, applying a country-wide cap and trade system to meet the target but without trade among countries. We use a version of the MIT Emissions Prediction and Policy Analysis (EPPA) model, here disaggregated to separately include 9 European Community countries and commercial… Expand
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