Confronting the Crisis of International Climate Policy
AbstractCopenhagen failed to produce an agreement on climate change commensurate with the scale of the problem, highlighting the fundamental weaknesses in the existing UN framework. Progress on a new agreement is agonisingly slow. Weightier commitments by the major emitters are necessary, but calls for ‘greater ambition’ ignore the structural problems embedded in the institutions, processes and policy models of the UN climate regime. This study proposes an international framework based on carbon prices rather than emissions targets. Under a price-based international framework, countries would undertake to implement specified actions and policies. Those policies should then be converted into an internationally standardised form of economy wide ‘carbon price equivalent’, with each country pledging/negotiating to implement a starting carbon price equivalent policy along with a schedule of real annual price increases.
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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 2010-40.
Date of creation: Dec 2010
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