Series: Economic Issues
Author(s): John Norregaard , and Valerie Reppelin
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 March 2001
Keywords: tradable permits, pollution, carbon dioxide, carbon dioxide emissions, pollutant
In December 1997, 160 nations meeting in Kyoto, Japan agreed to cut back emissions of carbon dioxide and other greenhouse gases. While ratified by only a very small number of countries so far, the “Kyoto Pro...