The Potential Effects of International Carbon Emissions Permit Trading Under the Kyoto Protocol

The Potential Effects of International Carbon Emissions Permit Trading Under the Kyoto Protocol

Estimates the potential economic effects of the Kyoto Protocol, using the G-Cubed multi-region, multi-sector intertemporal general equilibrium model of the world economy. Examines and compares four potential implementations of the Protocol involving varying degrees of international permit trading, focusing particularly on the effects of the policies on output, exchange rates and international flows of goods and capital; and calculates some of the gains from allowing international permit trading. [author]

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