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The Administration's Economic Analysis of the Kyoto
Protocol
In July of 1998, the Administration released the report, "The Kyoto
Protocol and the President's Policies to Address Climate Change:
Administration's Economic Analysis." The primary purpose of the analysis is to
examine the costs and benefits of taking action to mitigate the threat of
global warming. In particular, the report examines the costs and benefits of
complying with the emissions reduction target for the United States set forth
in the Kyoto Protocol on Climate Change, negotiated in December 1997. For
reasons discussed at length in this report, it is the Administration's
conclusion that, with the flexibility mechanisms included in the Kyoto
Protocol, and by pursuing sound domestic policies, the United States could
reach its Kyoto target at a relatively modest cost. Moreover, the benefits of
mitigating climate change are likely to be substantial.
The Kyoto Protocol and
the President's Policies to Address Climate Change: Administration's
Economic Analysis
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