Kyoto, efficiency, and cost-effectiveness: Applications of FUND

Tol, Richard S J (1999) Kyoto, efficiency, and cost-effectiveness: Applications of FUND. Energy Journal, 20 (SPEC.). pp. 131-156. ISSN 0195-6574

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Abstract

In this paper various emission reduction scenarios are evaluated with FUND - the Climate Framework for Uncertainty, Negotiation, and Distribution model. The aim is to help international negotiators improve upon the Kyoto Protocol. International cooperation in greenhouse gas emission reduction is important, and the more of it the better. The emission reduction targets as agreed in the Kyoto Protocol are irreconcilable with economic rationality. If the targets nevertheless need to be met, it is better to start emission reduction sooner than later in order to minimise costs. Methane emission reduction may be an important instrument to reduce costs. Copyright © 1999 by the IAEE. All rights reserved.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Economics
Subjects: G Geography. Anthropology. Recreation > GE Environmental Sciences > GE170 Environmental policy
H Social Sciences > HB Economic theory. Demography
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Depositing User: Richard Tol
Date Deposited: 18 Apr 2012 11:58
Last Modified: 18 Apr 2012 11:58
URI: http://sro.sussex.ac.uk/id/eprint/38379
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