1 Risø National Laboratory for Sustainable Energy, Technical University of Denmark2 Department of Management Engineering, Technical University of Denmark
Greenhouse gas (GHG) emissions are affecting a global common: the climate, and as a global environmental problem with a public good character it provides attractive opportunities for minimising control costs through the use of emission trading markets. This paper introduces cost and benefit principles that can be applied to the assessment of global markets for GHG emission reduction options and evaluates the scope for and the potential economic gains of such markets.
Energy Policy, 2005, Vol 33, Issue 18, p. 2313-2325
4-E; GHG emission reduction; Costs and benefits; Developing countries