© 2000

Flexible Mechanisms for an Efficient Climate Policy

Cost Saving Policies and Business Opportunities

  • Karl Ludwig Brockmann
  • Marcus Stronzik
Conference proceedings

Part of the ZEW Economic Studies book series (ZEW, volume 11)

Table of contents

  1. Front Matter
    Pages i-viii
  2. Karl Ludwig Brockmann, Marcus Stronzik
    Pages 1-6
  3. Gert Tinggaard Svendsen
    Pages 77-86
  4. Raymond Kopp, Richard Morgenstern, William Pizer, Michael Toman
    Pages 127-130

About these proceedings


In the Kyoto Protocol to the UN Framework Convention on Climate Change, industrialized countries agreed on binding absolute targets for greenhouse gas emissions and on the admission of flexible market-economy instruments - such as emissions trading, joint implementation and the clean development mechanism - used for reaching the targets. The contributions in this volume reveal that flexible instruments can lower the costs of climate protection considerably - not only in theory, but also in practice. Concerning implementation, it will be necessary to take care of possible loopholes, uncertainties and transaction costs which may be too high if no proper design is chosen.


Climate Change Climate Policy Climate Protection Emissions Trading Greenhouse Gas Greenhouse Gas Emissions Kyoto Protocol development non-governmental organizations

Editors and affiliations

  • Karl Ludwig Brockmann
    • 1
  • Marcus Stronzik
    • 1
  1. 1.Centre for European Economic Research (ZEW)MannheimGermany

Bibliographic information

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