Economics, Econometrics and Finance
8 years ago

Kyoto Protocol Offers Flexible Path to Curb Global Emissions

2 views
ZEW economic studies
Possibilities and Limitations for Flexible Compliance with the Kyoto Targets
Hans-Jürgen Ewers

Paper Summary

The Kyoto Protocol set targets for greenhouse gas reductions mainly for developed countries. They had to reduce emissions by 5.2% between 2008 and 2012 compared to 1990 levels. To make it achievable, they were allowed to use market-based approaches.

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