Efficiency and Equity of Climate Change Policy

This assessment of the economic effects of climate change policy, addresses the issues with a quantitative modelling approach. The book goes beyond statements on the efficiency of economic instruments to identify the way gains and losses are distributed; who gains and who loses. Both the costs and benefits of climate change policies are analyzed. Most papers also provide useful information on the economic features of the Kyoto Protocol, its possible extensions, and the effect of different implementation strategies (such as the debate on emissions trading ceilings).