The Evolution of a Global Climate Change Agreement

William Pizer

RFF Working Paper Series from Resources for the Future

Abstract: This paper argues that while a long-term solution to climate change may require the global market-based solution envisioned in the Kyoto Protocol, a more flexible near-term approach is necessary. First, a broad range of domestic policies need to be embraced and encouraged by an international agreement, not constrained or discouraged by it. Second, developing countries need to be an increased focus of engagement, with expansion and reform of project-based crediting. Finally, a global agreement needs to recognize both technology and mitigation policies and to develop ways to evaluate efforts along each of these dimensions. Over the longer term, such an agreement should evolve toward greater reliance on global market-based solutions, and therefore near-term steps should be viewed both in terms of their immediate practicality and their potential to be refined over time.

Keywords: climate change; international treaty; Kyoto; emissions trading (search for similar items in EconPapers)
JEL-codes: D62 D63 H87 Q54 (search for similar items in EconPapers)
Date: 2007-02-05
New Economics Papers: this item is included in nep-ene, nep-env and nep-ppm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Journal Article: The Evolution of a Global Climate Change Agreement (2006)
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