TAILIEUCHUNG - Rules for the Global Environment

Changing climate and rainfall patterns are expected to have significant impacts on agricultural productivity, especially in arid and semi‐arid regions that are already marginal for agriculture. Most climate modeling scenarios indicate that the dry lands of West and Central Asia and North Africa, for instance, will be severely affected by droughts and high temperatures in the years to come. This could lead to land degradation and agricultural expansion. By 2050, almost 40 percent of the land currently under low impact agriculture could be converted to more intensive agricultural use with poor farmers being forced to open up ever more marginal lands. One study estimates that climate change. | Rules for the Global Environment by Horst Siebert No. 1422 June 2008 Kiel Institute for the World Economy Web Kiel Institute for the World Economy Dusternbrooker Weg 120 24105 Kiel Germany Kiel Working Paper No. June 2008 Rules for the Global Environment Horst Siebert Abstract The paper looks at the global environment as a public good and as a sink for CO2-emissions. It discusses problems to be solved in institutional arrangements to protect global environmental media and looks at criteria for allocating the costs of emission reduction and emission rights. It analyzes institutional mechanisms that stabilize CO2-agreements and reviews the Kyoto Protocol the perspectives for its successor and EU emission trading. The paper also reviews arrangements for biodiversity and existing multilateral arrangements. Keywords Public good Global warming Emission reduction Emission rights Institutional Mechanisms Kyoto Protocol Post-Bali negotiations EU emission trading fauna and flora existing multilateral arrangements JEL classification D62 F 02 H41 Q 02 Q54 Horst Siebert Kiel Institute for the World Economy 24100 Kiel Germany Telephone 49 431 8814-567 E-mail hsiebert@ E-mail hsiebert@ I appreciate critical comments from Steffen Elstner and Philipp Mengeringhaus. This paper is part of my research and of a planned book on Rules for the global economy see also my Kiel Working Papers No. 1381 No 1388 1392 and 1401 . I would like to thank the Heinz Nixdorf Foundation for financial support. The responsibility for the contents of the working papers rests with the author not the Institute. Since working papers are of a preliminary nature it may be useful to contact the author of a particular working paper about results or caveats before referring to or quoting a paper. Any comments on working papers should be sent directly to the author. Coverphoto uni_com on Rules for the Global Environment Horst Siebert Whereas a rich institutional .

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