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EMF 16: The Costs of the Kyoto Protocol

Abstract: 
This Special Issue of the Energy Journal represents the first comprehensive report on a comparative set of analyses of the economic and energy sector impacts of the Kyoto Protocol on Climate Change. Organized by the Stanford Energy Modeling Forum (EMF), the objectives of this study were the same as for previous EMF studies: (1) identifying policy-relevant insights and analyses that are robust across wide ranges of models, (2) providing explanations for differences in results from different models, and (3) identifying high priority areas for future research. This study has produced a particularly rich set of results in all three areas, which is a tribute to the active participation of the modeling teams and the care each team took in preparing a paper for this volume.

The volume consists of a paper prepared by each modeling team on what it did and what it concluded from the model runs that were undertaken, proceeded by this introduction and summary paper. This summary focuses on the motivation for the study, the design of the study scenarios, and the interpretation of results for the four core scenarios, which all the teams ran. Each succeeding chapter contains ideas and insights drawn by the modeling teams from applying their models to issues they were able to address selected from a small set of important areas on which the group had mutually agreed to focus.