Kyoto, Efficiency, and Cost-Effectiveness: Applications of FUND
Year: 1999
Type: article
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.
Source: The Energy Journal
Author: Richard S.J. Tol
Institutions: Carnegie Mellon University, Vrije Universiteit Amsterdam
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Climate action
Open Access status: green
OpenAlex ID: W2080126360