Necessary conditions for stabilization agreements

  • Zili Yang
  • Henry D. Jacoby
Chapter
Part of the Fondazione Eni Enrico Mattei (Feem) Series on Economics, Energy and Environment book series (ECGY, volume 13)

Abstract

Article 2 of the Climate Convention calls for stabilization of atmospheric concentrations of greenhouse gases at a level that will avoid ‘danger’ to economies and ecosystems (United Nations, 1992). The parties to the Convention are now debating how this part of the agreement should be interpreted, and what numerical limit should be set. Building on earlier work by Jacoby et al. (1997b), we experiment here with the concept of ‘necessary conditions’ that would have to be met for an international agreement to have hope of achieving such a goal. The resulting analysis can serve as a guide to discussion of the policies and institutions needed to carry out this complex task, and add reality to the setting of the goal itself.

Keywords

Emission Reduction Emission Trading Welfare Loss Emission Permit Permit Trading 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© Springer Science+Business Media Dordrecht 1999

Authors and Affiliations

  • Zili Yang
    • 1
  • Henry D. Jacoby
    • 1
  1. 1.Joint Program on the Science and Policy of Global ChangeMassachusetts Institute of TechnologyUSA

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