The Costs of Kyoto
The Costs of Kyoto. This paper presents an estimation of the cost of reducing CO2 emissions as agreed in Kyoto by Annex 1 countries. It focuses on European Union countries abatement costs and, using a simple model, estimates the role of each EU country within a EU market as well as an Annex 1 market. The marginal (and total) abatement costs for each EU country, as well as the EU total cost, are presented. "Kyoto Commitment And Emissions Trading: A European Union Perspective" by Umberto Ciorba, Alessandro Lanza and Francesco Pauli.
By CRENos, Italy.