With the help of a computable general equililibrium analysis it is shown that the Kyoto protocol in its current state resembles very much symbolic policy, i.e. its implementation comes now at very low economic costs but on the other side environmental effectiveness is largely driven to zero.

Vogt, Carsten and Christoph Böhringer (2003), Das Kioto-Protokoll: Eine Bestandsaufnahme aus ökonomischer Sicht, in: Jahrbuch für Ökologische Ökonomik, Vol. 3, Metropolis, Marburg, 237-250.

Keywords

Klimapolitik, internationale Umweltpolitik, Kioto-Protokoll, rechenbares Gleichgewichtsmodell