This paper discusses ways in which the next climate agreement ­ a renegotiated <p> Kyoto Protocol or a second-period agreement ­ can be made more cost-effective. The <p> discussion focuses on the design of international emissions trading to facilitate early <p> participation by developing countries....</p></p></p>

The cost-effectiveness of the KyotoProtocol and any similar non-global treatywould be enhanced by attracting additionalcountries to international emissions tradingand achieving this as soon as possible. Incontrast to what is heard in most of thedebate, such an enlargement is here taken to...

The cost-effectiveness of the Kyoto Protocol and any similar non-global treaty would be enhanced by attracting as many new countries as possible to integrational emissions trading and achieving these additions as soon as possible. This paper focuses on two forms of compensation that can be used...