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Copenhagen, Cancun and the limits of global welfare economics

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Copenhagen, Cancun and the limits of global welfare economics. / Campbell, David; Klaes, Matthias.
In: Economic Affairs, Vol. 31, No. 2, 06.2011, p. 10-16.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Campbell, D & Klaes, M 2011, 'Copenhagen, Cancun and the limits of global welfare economics', Economic Affairs, vol. 31, no. 2, pp. 10-16. https://doi.org/10.1111/j.1468-0270.2011.02095.x

APA

Campbell, D., & Klaes, M. (2011). Copenhagen, Cancun and the limits of global welfare economics. Economic Affairs, 31(2), 10-16. https://doi.org/10.1111/j.1468-0270.2011.02095.x

Vancouver

Campbell D, Klaes M. Copenhagen, Cancun and the limits of global welfare economics. Economic Affairs. 2011 Jun;31(2):10-16. doi: 10.1111/j.1468-0270.2011.02095.x

Author

Campbell, David ; Klaes, Matthias. / Copenhagen, Cancun and the limits of global welfare economics. In: Economic Affairs. 2011 ; Vol. 31, No. 2. pp. 10-16.

Bibtex

@article{e0dd3cf29cca45f39328cc1f2d6f1361,
title = "Copenhagen, Cancun and the limits of global welfare economics",
abstract = "The rise of a global welfare economics directed at the environmental challenges facing our planet represents a new policy phenomenon. This paper examines the most ambitious attempt so far to put such economics into practice via the Kyoto Protocol and more specifically the Clean Development Mechanism of the Protocol. The Copenhagen and Canc{\'u}n climate change conferences have put an end to hopes of the Protocol serving as an effective tool in the mitigation of global warming. This failure of the new global welfare economics is the result of flawed principles, not just defective implementation.",
keywords = "Carbon trading, global warming, climate change, Coase, externality, transaction costs, Clean Development Mechanism, Kyoto Protocol",
author = "David Campbell and Matthias Klaes",
year = "2011",
month = jun,
doi = "10.1111/j.1468-0270.2011.02095.x",
language = "English",
volume = "31",
pages = "10--16",
journal = "Economic Affairs",
issn = "0265-0665",
publisher = "Wiley-Blackwell",
number = "2",

}

RIS

TY - JOUR

T1 - Copenhagen, Cancun and the limits of global welfare economics

AU - Campbell, David

AU - Klaes, Matthias

PY - 2011/6

Y1 - 2011/6

N2 - The rise of a global welfare economics directed at the environmental challenges facing our planet represents a new policy phenomenon. This paper examines the most ambitious attempt so far to put such economics into practice via the Kyoto Protocol and more specifically the Clean Development Mechanism of the Protocol. The Copenhagen and Cancún climate change conferences have put an end to hopes of the Protocol serving as an effective tool in the mitigation of global warming. This failure of the new global welfare economics is the result of flawed principles, not just defective implementation.

AB - The rise of a global welfare economics directed at the environmental challenges facing our planet represents a new policy phenomenon. This paper examines the most ambitious attempt so far to put such economics into practice via the Kyoto Protocol and more specifically the Clean Development Mechanism of the Protocol. The Copenhagen and Cancún climate change conferences have put an end to hopes of the Protocol serving as an effective tool in the mitigation of global warming. This failure of the new global welfare economics is the result of flawed principles, not just defective implementation.

KW - Carbon trading

KW - global warming

KW - climate change

KW - Coase

KW - externality

KW - transaction costs

KW - Clean Development Mechanism

KW - Kyoto Protocol

U2 - 10.1111/j.1468-0270.2011.02095.x

DO - 10.1111/j.1468-0270.2011.02095.x

M3 - Journal article

VL - 31

SP - 10

EP - 16

JO - Economic Affairs

JF - Economic Affairs

SN - 0265-0665

IS - 2

ER -