Costs of climate policy less if developing countries join emissions trade

The Netherlands Environmental Assessment Agency (MNP) at the RIVM and the Netherlands Bureau for Economic Policy Analysis (CPB) presented at 30th June the report entitled "How much does a 30% emission reduction cost?" This document analyzes the macro-economic costs of post-Kyoto climate policies that reduce emissions in the OECD and Russia with 30% compared to the 1990 level.