Damro, Chad and Luaces-Méndez, Pilar (2003) The Kyoto Protocol's emissions trading system: An EU-US Environmental Flip-Flop. Working Paper #5, August 2003. [Working Paper]
[From the Introduction]. This study proceeds in the following manner. First, it describes the origins and modalities of the international emissions trading system. Second, the study discusses the opposing US and EU positions during the Kyoto negotiations based on their respective approaches to international environmental policy. Third, the study briefly addresses the EU-US flip-flop at the Kyoto Summit. Fourth, the study investigates the post-summit actions of these two actors, focusing on the domestic politics that explain their respective positions and actions. The study concludes with a discussion of the findings and implications for future developments in the Kyoto emissions trading system.
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