This paper investigates the implications of U.S. withdrawal from the Kyoto Protocol on environmental effectiveness, economic efficiency, and the distribution of compliance costs for remaining Annex-B countries taking into consideration the monopoly power by the Former Soviet Union (FSU) on...

Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 emissions trading and explores the potential implications of the non-competitive supply behavior for the international...

Taking account of sinks credits as agreed in Bonn and Marrakech, this paper illustrates how market power could be exerted in the absence of the US ratification under Annex 1 trading and explores the potential implications of the non-competitive supply behavior for the international market of...