An effective allocation criterion for CO2 emissions

TitleAn effective allocation criterion for CO2 emissions
Publication TypeJournal Article
Year of Publication1999
AuthorsGupta, S, Bhandari PM
JournalEnergy Policy
Volume27
Issue12
Pagination727-736
Date PublishedNov
ISBN Number0301-4215
Abstract

The Kyoto Protocol has set relatively easy targets for emission limitations for Annex I parties. These are not sufficient to save the earth from climate change or to "prevent dangerous anthropogenic interference" of the climate. It is the contention of the authors that eventually all parties to the Protocol will have to undertake commitments. Equal per capita emissions, with simple and transparent adjustments for the short- and medium-term, could be the most equitable basis for allocating emissions rights. It is reasonable to accept an individual - as the unit of account since we are discussing anthropogenic emissions, i.e. those which are generated by humans. Besides being equitable, for any criterion to be successful it should be effective and implementable. In order to be effective, global emissions have to be restricted to a pre-determined level. This is possible with the widest participation, which would include both Annex I and Non-annex I countries. The approach should be practical, flexible and one which is easy to implement. This paper proposes a very simple exposition of the "common but differentiated" responsibility concept (Article 4.1 of the FCCC). It aims to strike a balance between the concerns relating to the choice of the numeraire, viz., population and GDP in determining emission targets. In other words both equity and efficiency considerations are addressed in the approach suggested herein. The authors would like to acknowledge Dr Leo Schrattenholzer for providing invaluable comments and Dr Tom Wigley for providing critical information. (C) 2000 Elsevier Science Ltd. All rights reserved.