A new climate strategy beyond 2012: lessons from monetary history
AbstractIn this Perspective, based on the 2007 Shann Memorial Lecture, Professor Warwick McKibbin outlines the key features that are needed in a new climate change framework beyond Kyoto, drawing on lessons from monetary history. Using the analogy of the way modern central banks run monetary policy, it outlines an alternative to the Kyoto protocol which is a system of national climate policies coordinated around a common global price for carbon.
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Bibliographic InfoPaper provided by Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University in its series CAMA Working Papers with number 2009-28.
Date of creation: Dec 2009
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Other versions of this item:
- Warwick J. Mckibbin, 2012. "A New Climate Strategy Beyond 2012: Lessons From Monetary History," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 57(03), pages 1250016-1-1.
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