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Estimating the size of the potential market for the Kyoto flexibility machanisms

Zhang, Zhong Xiang - 2000

The Kyoto Protocol incorporates emissions trading, joint implementation and the clean development mechanism to help Annex I countries to meet their Kyoto targets at a lower overall cost. This paper aims to estimate the size of the potential market for all three flexibility mechanisms under the...

Persistent link: https://www.econbiz.de/10011608572

Why do governments sell privatised companies abroad?

Bortolotti, Bernardo; Fantini, Marcella; Scarpa, Carlo - 2000

This paper provides an empirical analysis of GovernmentsÕ decisions to sell privatised companies on both international and domestic markets in a sample of 392 privatisations in 42 countries in the 1977-1998 period. Political theories of privatisation find strong support in our analyses: market...

Persistent link: https://www.econbiz.de/10011608587

The Kyoto protocol: An economic appraisal

Grubb, Michael - 2000

This paper examines the overall economics of the Kyoto Protocol on climate change, in three main parts. The first part explores the structure of the Protocol and how this matches against classical economic criteria of an 'optimal' climate change agreement. This discussion also considers the...

Persistent link: https://www.econbiz.de/10011608594

Italian policies and measures to respond to climate change

Montini, Massimiliano - 2000

ratification process as well as with the effective implementation of the Kyoto Protocol around the world. In the second part of the …

Persistent link: https://www.econbiz.de/10011608601

A multi-gas approach to climate policy: With and without GWPs

Manne, Alan S.; Richels, Richard G. - 2000

When dealing with multiple greenhouse gases, we need some way to establish equivalence among gases. The Intergovernmental Panel on Climate Change (IPCC) has suggested the use of global warming potentials (GWPs) for making such trade-offs. We begin by examining the implications of such an...

Persistent link: https://www.econbiz.de/10011608608

A tax on output of the polluting industry is not a tax on pollution: The importance of hitting the target

Fullerton, Don; Hong, Inkee; Metcalf, Gilbert E. - 2000

We explore the effects of environmental taxes that imprecisely target pollution. A review of actual policies indicates few (if any) examples of a true tax on pollution. More typically, environmental taxes target an input or output that is correlated with pollution. We construct a simple...

Persistent link: https://www.econbiz.de/10011608610

The impact of privatisation on capital market development and individual share ownership

Megginson, William L.; Boutchkova, Maria K. - 2000

This study has two objectives: to estimate the impact of share issue privatisations on the growth of world capital … role of commercial banks, in corporate financial systems around the world. We then show that privatisation programmes have … world as a whole, as well as for most major country groupings. (2) During that same time period, stock market capitalisation …

Persistent link: https://www.econbiz.de/10011608617

Will joint implementation survive international emissions trading? Distinguishing the Kyoto mechanisms

Janssen, Josef - 2000

The Kyoto Protocol stipulates that industrialised countries and countries with economies in transition, i.e. the group of Annex I countries, shall reduce their overall emissions of carbon dioxide and other five greenhouse gases by at least 5 % as compared to their 1990 emission levels. This...

Persistent link: https://www.econbiz.de/10011608624

Costs, structure and equity of international regimes for climate change mitigation

Carraro, Carlo - 2000

paper analyses whether there are the conditions for an agreement on climate change to be signed by all or almost all world …

Persistent link: https://www.econbiz.de/10011608625

Contracts for clean development: The role of technology transfers

Millock, Katrin - 2000

The Clean Development Mechanism (CDM) offers abatement cost savings under the Kyoto Protocol by allowing credits for emission reductions obtained in signatory developing countries. The paper shows that it is necessary to include technology transfers in the CDM to obtain correct incentives for...

Persistent link: https://www.econbiz.de/10011608633