This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political acceptability which is measured in terms of feasibility and enforceability. The ultimate aim is to derive useful information for designing a future agreement on climate change control.

NEW NUMBERING (new series “Research papers”): RP0047
OLD NUMBERING (previous series “Working papers”): WP19

• European Institute on Economics and the Environment

• Economic analysis of Climate Impacts and Policy Division

Authors

• Valentina Bosetti
• Carlo Carraro
• Alessandra Sgobbi
• Massimo Tavoni