Allocation of ecologically allowable carbon emissions to countries as a key to more effective post-Kyoto Protocol climate change mitigation law

Abstract

The paper proposes novel carbon indicators as effective control instruments to design the post-Kyoto Protocol climate change mitigation law. The allocation of Ecologically Allowable Carbon Emissions (EACE) to countries show that a group of countries needs no emissions reductions today because their actual carbon emissions are below the EACE. The presented approach offers improved flexibility because it is neither population nor economic growth path dependent. It is also suitable for accounting of all existing carbon management mechanisms. The study is summarised by providing the main legislative goals of the proposed methodology and its realisation algorithm at national level.