The issue of global warming poses a daunting public economic policy design challenge, which has received the attention of economic theorists many of whom have recommended emission mitigation option schemes, based on the benefits and costs of mitigation, and the environmental consequences. Policy...

In the presence of emission level standards along with permit market regulations, if Kyoto Protocol went into force, a part of needed emission reduction will take place domestically. Burden sharing approach through piecemeal operation will result a greater degree of abatement of CO2 emission...