Lowering the Cost of Emission Reduction by Dr Michael Ridley
investigates a novel way to reduce the cost of carbon dioxide and
sulphur dioxide emission reduction. This book asks whether allowing
countries to substitute emission reduction undertaken abroad in lieu of
emission reduction at home will reduce the cost of emission reduction
and allow more rapid and acute falls in pollution.
Analysing US Department of Energy data on US emission reduction projects
undertaken in Eastern Europe and Central America, this book explains
differences in the cost of emission reduction by method and by country.
The book sets out the conditions that would allow a joint implementation
system to evolve into a full-blown tradable permits system. Political
and practical objections to joint implementation are aired and
addressed.
This book is targeted at the environmental policy community, government
officials, academics, the NGO community, economists and financiers,
members of large corporations and museum educators everywhere.