World Economic Impacts of the Kyoto Protocol

  • Christoph Böhringer
  • Thomas F. Rutherford
  • Ronnie Schöb
Conference paper

Abstract

The Kyoto Protocol entails quantified emissions limitations and reduction objectives for industrialized (Annex B) countries (UN, 1997). Signatory countries are now obligated to adjust their production and consumption patterns through appropriate policy measures such that domestic emission levels get in line with the mandated emission constraints. Adjustment of economic activities in larger open economies such as the industrialized regions are likely to affect international prices via changes in export and import quantities. For example, large reductions in the demand for oil by industrialized countries may drive down international oil prices, which is beneficial for oil importing countries but harmful for oil exporters.

Keywords

Dioxide Europe Income Diesel Gasoline 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Christoph Böhringer
  • Thomas F. Rutherford
  • Ronnie Schöb

There are no affiliations available

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