engleski

Administrative Incentives for Alignment with Kyoto Protocol

In the period 1995-2002 average annual growth of CO2 emission in Croatia was 3.3%. This trend should be stopped in order to meet Kyoto obligations. Proposed administrative measures aimed for alignment with Kyoto Protocol should provide incentives for investments in environmental protection. The paper analyses proposed measures, with emphasis on provisions enabling reducing a fee for CO2 emissions depending on the level of investments in environmental protection. Preliminary cost-benefit analysis of different levels of investments in environmental protection and different starting levels of pollution is presented. Based on the analysis, potential effectiveness of proposed measures is examined. Key words: Kyoto Protocol, Croatia, CO2 emissions, CO2 fee 1. Introduction The focus of this paper is on the possible impacts of application of CO2 emission fee on reduction of CO2 emission in Croatia. This impact will be gauged by an analyis of the costs that emerge from introduction of such a fee and by an analysis of the implications of investment in CO2 reduction on the level of fee. The paper starts with presentation of Croatia’ s position in the framework of Kyoto Protocol and its obligations. This is followed with a review of the current trends in GHG emissions in Croatia. The identification of the current situation serves as a point of departure for an analysis of the further preparations of Croatia for meeting Kyoto requirements in the first commitment period. We present domestic measures aimed at mitigating climate change and analyse weather they provide incentive for reducing CO2 emissions and investments in environmental protection. Based on this analysis, we identify the factors that might provide incentive for meeting Kyoto target, but also the main flaws of the prepared domestic measures.

Kyoto Protocol; Croatia; CO2 emmissions; CO2 fee

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