The Kyoto Protocol and non-CO<Subscript>2</Subscript> Greenhouse Gases and Carbon Sinks: Fid-Bau Portal

The Kyoto Protocol and non-CO2 Greenhouse Gases and Carbon Sinks

Reilly, J. / Mayer, M. / Harnisch, J.

Abstract Many trace constituents other than carbon dioxide affect the radiative budget of the atmosphere. The existing international agreement to limit greenhouse gases, the Kyoto Protocol, includes carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6) and credit for some carbon sinks. We investigate technological options for reducing emissions of these gases and the economic implications of including other greenhouse gases and sinks in the climate change control policy. We conduct an integreated assessment of costs using the MIT Emissions Prediction and Policy Analysis (EPPA) model combined with estimates of abatement costs for non-CO2 greenhouse gases and sinks. We find that failure to take advantage of the other gas and sink flexibility would nearly double aggregate Annex B costs. Including all the GHGs and sinks is actually cheaper than if only CO2 had been included in the Protocol and their inclusion achieves greater overall abatement. There remains considerable uncertainty in these estimates, the magnitude of the savings depends heavily on reference projections of emissions, for example, but these uncertainties do not change the overall conclusion that non-CO2 GHGs are an important part of a climate control policy.