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DP6995 Modelling Economic Impacts of Alternative International Climate Policy Architectures: A Quantitative and Comparative Assessment of Architectures for Agreement

Author(s): Valentina Bosetti , Carlo Carraro , Alessandra Sgobbi , Massimo Tavoni
Publication Date: October 2008
Keyword(s): Climate Policy , Integrated Modelling , International Agreements
JEL(s): C72 , H23 , Q25 , Q28
Programme Areas: International Trade and Regional Economics
Link to this Page: www.cepr.org/pubs/dps/DP6995.asp.asp


This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.

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