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The Design of Climate Policy$
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Roger Guesnerie and Henry Tulkens

Print publication date: 2008

Print ISBN-13: 9780262073028

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262073028.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 25 February 2021

Improving on Kyoto: Greenhouse Gas Control as the Purchase of a Global Public Good

Improving on Kyoto: Greenhouse Gas Control as the Purchase of a Global Public Good

Chapter:
(p.12) (p.13) 2 Improving on Kyoto: Greenhouse Gas Control as the Purchase of a Global Public Good
Source:
The Design of Climate Policy
Author(s):

David F. Bradford

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262073028.003.0002

This chapter discusses the global public good purchase (GPGP), an alternative approach for the controlling of greenhouse gas emissions. It begins with reminders of some lessons of basic economics, focusing on property rights to solve problems of coordination. It then describes the elements and issues raised by the properties of the GPGP system. The differences between the GPGP system and the Kyoto Protocol regime is also discussed. Finally, the chapter analyzes the distributional characteristics of alternative climate regimes.

Keywords:   global public good purchase, GPGP, greenhouse gas emissions, property rights, Kyoto Protocol, climate regimes

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