Alternative Metrics for Comparing Domestic Climate Change Mitigation Efforts and the Emerging International Climate Policy Architecture

Joseph Aldy and William Pizer

Scholarly Articles from Harvard Kennedy School of Government

Abstract: The availability of practical mechanisms for comparing domestic efforts aimed at mitigating global climate change are important for the stability, equity, and efficiency of international climate agreements. We examine a variety of metrics that could be used to compare countries’ climate change mitigation efforts and illustrate their potential application to large developed and developing countries. Because there is no single comprehensive, measurable metric that could be applied to all countries, we suggest using a set of indicators to characterize and compare mitigation effort, akin to using a set of economic statistics to indicate the health of the macroeconomy. Given the iterative pledge and review approach that is emerging in the current climate change negotiations, participation, commitment, and compliance could be enhanced if this set of indicators is able to show that all parties are doing their “fair share,†both prospectively and retrospectively. The latter, in particular, highlights the need for a well-functioning policy surveillance regime.

Date: 2016
New Economics Papers: this item is included in nep-ene and nep-env
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Published in Review of Environmental Economics and Policy

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Persistent link: https://EconPapers.repec.org/RePEc:hrv:hksfac:22808338

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