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Economic Impact of the Kyoto Protocol by lumanu.937 is a document available to read on EtoBox.
The paper analyzes the economic implications of the Kyoto Protocol using the RICE-98 model, concluding that the net global cost is $716 billion, with the U.S. bearing nearly two-thirds of this cost. It finds the benefit-cost ratio of the protocol to be 1/7 and highlights the cost-ineffectiveness of the emissions strategy, which is significantly more expensive than alternative approaches. The study emphasizes the importance of emissions trading among Annex I countries to mitigate costs.
- Author
- lumanu.937
- Language
- EN