If implemented, the 1997 Kyoto Accord on greenhouse gases would affect some interested parties more than others. These differential effects help explain why some energy firms, trade associations and countries jumped eagerly on the Kyoto bandwagonand why others view the Accord as a protectionist cartelization device.
|Other Independent Review articles by Bruce Yandle|
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|Summer 2013||How Earth Day Triggered Environmental Rent Seeking|
|Spring 2012||Taxpayers and Tax Spenders: Does a Zero Tax Price Matter?|
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