An Expanded Three-Part Architecture for Post-2012 International Climate Policy

Sheila M. Olmstead and Robert Stavins
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Sheila M. Olmstead: Yale University and Resources for the Future

Working Paper Series from Harvard University, John F. Kennedy School of Government

Abstract: We describe the major features of a post-2012 international global climate policy architecture with three essential elements: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ways; an emphasis on an extended time path of targets; and inclusion of flexible market-based policy instruments to keep costs down and facilitate international equity. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change; addresses specific shortcomings of the Kyoto Protocol; and builds upon the foundation of the United Nations Framework Convention on Climate Change.

JEL-codes: Q39 Q48 Q54 Q58 (search for similar items in EconPapers)
Date: 2009-12
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (1)

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Working Paper: An Expanded Three-Part Architecture for Post-2012 International Climate Policy (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:harjfk:rwp09-036

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