Policy Brief—Translating the Collective Climate Goal Into a Common Climate Commitment
Peter Cramton,
Axel Ockenfels and
Jean Tirole
Review of Environmental Economics and Policy, 2017, vol. 11, issue 1, 165-171
Abstract:
The 2015 Paris Climate Conference elicited largely independent and individual commitments from the participating countries (so-called intended nationally determined contributions) in an effort to counter climate change and achieve the collective climate goals. We argue that the Paris approach, based on individual commitments, promotes narrowly self-interested contributions. Narrow self-interest, however, will not be enough to reach the climate goals. To promote international cooperation and to discourage free riding, the collective climate goals must be translated into a reciprocal, common commitment. A reciprocal, common commitment is an agreement to abide by rules that specify cooperation efforts, provided others abide by the same rules. We argue that the best candidate for a common commitment, one that facilitates international negotiations and cooperation, is a global carbon price.
JEL-codes: F51 H23 Q38 (search for similar items in EconPapers)
Date: 2017
References: View complete reference list from CitEc
Citations: View citations in EconPapers (8)
Downloads: (external link)
http://hdl.handle.net/10.1093/reep/rew015 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:renvpo:v:11:y:2017:i:1:p:165-171.
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
Review of Environmental Economics and Policy is currently edited by Robert Stavins
More articles in Review of Environmental Economics and Policy from Association of Environmental and Resource Economists Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().