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Politics and economics of second-best regulation of greenhouse gases : the importance of regulatory credibility

Bosetti, Valentina; Victor, David G. - 2010

Modellers have examined a wide array of ideal-world scenarios for regulation of greenhouse gases. In this ideal world …”—which has a strikingly small impact on total world cost of carbon regulations if international trade in emission credits allows … another factor that analysts have largely ignored: credibility. In the real world governments find it difficult to craft and …

Persistent link: https://www.econbiz.de/10008702084

Global climate policy architecture and political feasibility: specific formulas and emission targets to attain 460 ppm CO2 concentrations

Bosetti, Valentina; Frankel, Jeffrey A. - 2009

Three gaps in the Kyoto Protocol most badly need to be filled: the absence of emission targets extending far into the future, the absence of participation by the United States, China, and other developing countries, and the absence of reason to think that members will abide by commitments. To be...

Persistent link: https://www.econbiz.de/10008824519

Emissions pricing to stabilize global climate

Bosetti, Valentina; Paltsev, Sergey V.; Reilly, John M.; … - 2011

In the absence of significant greenhouse gas (GHG) mitigation, many analysts project that atmospheric concentrations of species identified for control in the Kyoto protocol could exceed 1000 ppm (carbon-dioxide-equivalent) by 2100 from the current levels of about 435 ppm. This could lead to...

Persistent link: https://www.econbiz.de/10009376040