The McKibbin-Wilcoxen Proposal For Global Greenhouse Abatement：（全球温室减排McKibbin-Wilcoxen提议）.pdfVIP

The McKibbin-Wilcoxen Proposal For Global Greenhouse Abatement Warwick J. McKibbin* Research School of Pacific and Asian Studies, The Australian National University and The Brookings Institution, Washington DC 12 May 1998 *Paper prepared a publication on “Trading Greenhouse Emissions: Major Issues and Implications”. This paper draws significantly on ideas and papers developed jointly with Professor Peter Wilcoxen from the University of Texas, Austin. The views expressed are those of the author and do not in any way reflect the views of the above mentioned individuals or institutions nor the staff or trustees of the Brookings Institution or the Australian National University. The McKibbin-Wilcoxen Proposal For Global Greenhouse Abatement Warwick J. McKibbin 1. Introduction The fundamental problem with the Kyoto Protocol is the focus on achieving rigid “targets and timetables” for emissions reductions at any cost rather than substantial reductions at reasonable cost, in spite of the enormous uncertainties surrounding climate change. The move away from uniform targets for every country was forced at Kyoto because this was seen to be very inefficient and politically infeasible. The fundamentally important point to stress is that any fixed targets, even differentiated targets, are likely to be inefficient because we really don’t 1 know what these will cost over the long period of time being discussed . Now that fixed targets have been enshrined in the Kyoto Protocol, negotiators are moving towards implementation of this Protocol using economic instru