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Working Paper

Rules for the Global Environment

Authors

  • Siebert
  • H.

Publication Date

JEL Classification

D62 H41 F02 Q54 Q02

Key Words

Emission reduction

Emission rights

EU emission trading

existing multilateral arrangements

fauna and flora

Global warming

Institutional Mechanisms

Kyoto Protocol

Post-Bali negotiations

Public good

The paper looks at the global environment as a public good and as a sink for CO2-emissions. It discusses problems to be solved in institutional arrangements to protect global environmental media and looks at criteria for allocating the costs of emission reduction and emission rights. It analyzes institutional mechanisms that stabilize CO2-agreements and reviews the Kyoto Protocol, the perspectives for its successor and EU emission trading. The paper also reviews arrangements for biodiversity and existing multilateral arrangements.

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