Kyoto Protocol: Past, Present and Future
|Author:||Mgr. Lucie Kubátová|
|Year:||2005 - summer|
|Leaders:|| † RNDr. Miron Tegze CSc.
|Work type:|| Economic Policy
|Awards and prizes:|
|Abstract:||The Kyoto Protocol to the United Nations Framework Convention on Climate Change agreed at the third Conference of the Parties in Kyoto in 1997 is the basic document defining the long-lasting international efforts to stop or slow down global warming. It is also the first legally binding international climate agreement based on market mechanisms that aims to substantially reduce the greenhouse gas emissions of industrialized countries within a relatively short period of time. Every environmental agreement is a public good containing positives as well as negatives, with the most important of the latter being free-riding incentives and political opportunism. These features are apparent mainly through the strategic behaviours of countries and this paper aims to judge the ability of the Protocol to face and alter these behaviours. We have evaluated the degree of environmental effectiveness and economic efficiency that the Protocol has been able to retain after more than seven years of negotiations and we have also assessed the prospects of the Kyoto Protocol in the future.|