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Does the Kyoto Protocol Cost Too Much and Create Unbreakable Barriers for Economic Growth?


Reference:

Golub, A., Markandya, A. and Marcellino, D., 2006. Does the Kyoto Protocol Cost Too Much and Create Unbreakable Barriers for Economic Growth? Contemporary Economic Policy, 24 (4), pp. 520-35.

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Abstract

We look to the literature on short-term cost models, long-term models based on endogenous growth, and long-term models that assume induced technical change, in order to demonstrate the current understanding of costs, which is the focus of the debate on abating climate change. Using these insights as well as other results--like the role of ancillary benefits and the lack of a relationship between decarbonization and economic growth--our contribution to this debate will be to help policy makers understand how economic analyses are conducted and how they should be used in the subsequent political discussions.

Details

Item Type Articles
CreatorsGolub, A., Markandya, A. and Marcellino, D.
Uncontrolled Keywordsdiffusion processes (o330), climate, environmental economics, government policy (q580), natural disasters (q540), choices and consequences, technological change
DepartmentsFaculty of Humanities & Social Sciences > Social & Policy Sciences
Faculty of Humanities & Social Sciences > Economics
RefereedYes
StatusPublished
ID Code9863

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