The Kyoto Agreement from 1997 allows trade of CO2 emission quotas between the 38 industrialized countries which have committed themselves to an emission ceiling. However, it does not define how this potential trade system should be designed. The intention was to clarify these matters during the 1999 conference in Buenos Aires. Nothing was decided at this conference, leaving open the question of how emission trade is supposed to take place. Therefore, this article aims to propose a design which is both politically and administratively feasible. It may, as such, catch the interest of both academics and political decision-makers.
Asia Ecobest, 1999, Vol 2, Issue 1, p. 3-4
Kyoto; CO2; Trade; Design; Political Economy; Hot Air; USA; Russia; Investment; Collective Action