RIVM assesses the consequences of the Marrakesh Accords

23-05-2002 | Publication

Recently, RIVM has calculated the consequences of the Marrakesh Accords. This report updates RIVM's earlier report "Evaluating the Bonn Agreement and some key issues" by incorporating the impacts taken up in the Marrakesh Accords. Compared to our previous report, the impact on both the environmental effectiveness and economic efficiency is rather limited.

Our updated evaluation underlines one of the main conclusions from our previous report that without US participation, banking large amounts of hot air is of absolute importance to improve the environmental effectiveness of the Protocol and enhance the development of a viable emissions trading market.