681. Building on Kyoto: towards a realistic global climate agreement
- Author:
- Warwick McKibbin and Peter J. Wilcoxen
- Publication Date:
- 07-2008
- Content Type:
- Working Paper
- Institution:
- Lowy Institute for International Policy
- Abstract:
- As a mechanism for controlling climate change, the Kyoto Protocol has not been a success. Over the decade from its signing in 1997 to the beginning of its first commitment period in 2008, greenhouse gas emissions in the industrial countries subject to targets under the protocol did not fall as the protocol intended. Instead, emissions in many countries rose rapidly. It is now abundantly clear that as a group, the countries bound by the protocol have little chance of achieving their Kyoto targets by the end of the first commitment period in 2012. Moreover, emissions have increased substantially as well in countries such as China, which were not bound by the protocol but which will eventually have to be part of any serious climate change regime.
- Topic:
- Climate Change, Economics, Environment, Markets, and Treaties and Agreements
- Political Geography:
- China