Show Less

Instruments for Climate Policy

Limited versus Unlimited Flexibility

  • New Horizons in Environmental Economics series

Edited by Johan Albrecht

Instruments for Climate Policy focuses on economic and political aspects related to the recent proposals and the debate on limits in flexibility, and discusses EU and US perspectives on climate policy instruments and strategies. This is followed by chapters on economic efficiency and the use of flexible instruments as well as contributions to the debate on ‘when flexibility’, on the arguments behind the EU ceilings proposal and on voluntary approaches to climate policy. One of the main conclusions reached with respect to proposals for limiting flexibility is the need to evaluate simultaneously their economic, ecological and international political consequences. The authors include both important policymakers and leading academics in the area.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 7: Joint implementation as a flexible instrument – a CGE analysis between a developing and an industrialized country

Christoph Böhringer, Klaus Conrad and Andreas Löschel


7. Joint implementation as a flexible instrument – a CGE analysis between a developing and an industrialized country Christoph Böhringer, Klaus Conrad and Andreas Löschel 1. INTRODUCTION Joint implementation (JI) has recently received much attention as a flexible environmental policy instrument, notably in the context of the Kyoto negotiations to reduce greenhouse gas emissions. This concept was introduced during sessions of the Intergovernmental Negotiating Committee (INC) for a Framework Convention on Climate Change at the suggestion of EU member states. An international carbon trading system can be introduced in the form of JI deals to support emissions reduction in other countries where abatement is less costly. Under JI, a carbon-emitting source in a country, for example an industrialized country, can secure relaxation of any controls it may face by reducing carbon emissions in another country, for example a developing country. JI can be thought of as a carbon trading system in which the credits for carbon emission reduction are not (yet) saleable.1 If a set of countries agreed to keep their carbon emissions within certain national quota limits, the efficiency of environmental policy could be improved by allowing committed countries to buy emission reductions from other countries as a way of partially fulfilling their commitments. The principal advantages of JI are (i) promoting global cost-efficiency by replacing high abatement cost projects in one country by low abatement cost projects in another; hence (ii) allowing national abatement goals to be more ambitious; and (iii) improving the chances...

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.