A Post-Hague Compromise on Reforestation

Richard L. Sandor

Chapter 14 in How I Saw It:Analysis and Commentary on Environmental Finance (1999–2005), 2017, pp 53-56 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The deadlock result from The Hague, in November, is a textbook example of A.W. Tucker’s 1950 treatise on games and decision theory. In the “prisoner’s dilemma”, two players are keptapart and, acting rationally — but without knowing the other’s strategy — make decisions thatleave both worse off. With open communication, the players might jointly prepare a strategy that leaves them both better off. There is an analogy in the debate over the inclusion of forests in Kyoto’s Clean Development Mechanism (CDM). And there is a win-win strategy that advances the interests of developing countries and the goals of the climate convention…

Keywords: Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain (search for similar items in EconPapers)
JEL-codes: Q50 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813202658_0014 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813202658_0014 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789813202658_0014

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().