No abstract received.

The first IPCC Assessment Report was released in 1990 and served as the scientific basis of the decisions taken within the United Nations Framework Convention on Climate Change (UNFCCC), signed in 1992. In 1997, the Convention adopted the Kyoto Protocol, which entered into force on 16 February...

This paper investigates the relative economic and environmental outcomes of price versus quantity mechanisms to control GHG emissions when abatement costs are uncertain. In particular, we evaluate the impacts on policy costs, CO2 emissions and energy R&D for a stringent mitigation target of 550...