Kiel Working Papers, Kiel Institute for World Economics
No 1422:
Rules for the Global Environment
Horst Siebert
Abstract: The paper looks at the global environment as a public good
and as a sink for CO2-emissions. It discusses problems to be solved in
institutional arrangements to protect global environmental media and looks
at criteria for allocating the costs of emission reduction and emission
rights. It analyzes institutional mechanisms that stabilize CO2-agreements
and reviews the Kyoto Protocol, the perspectives for its successor and EU
emission trading. The paper also reviews arrangements for biodiversity and
existing multilateral arrangements.
Keywords: Public good, Global warming, Emission reduction, Emission rights, Institutional Mechanisms, Kyoto Protocol, Post-Bali negotiations, EU emission trading, fauna and flora, existing multilateral arrangements; (follow links to similar papers)
JEL-Codes: D62,; F02,; H41,; Q20,; Q54; (follow links to similar papers)
36 pages, June 2008
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