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

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  • Aldy, Joseph Edgar
  • Pizer, William

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.

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  • Aldy, Joseph Edgar & Pizer, William, 2016. "Alternative Metrics for Comparing Domestic Climate Change Mitigation Efforts and the Emerging International Climate Policy Architecture," Scholarly Articles 22808338, Harvard Kennedy School of Government.
    • Handle: RePEc:hrv:hksfac:22808338
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    Cited by:

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    2. Mario Larch & Joschka Wanner, 2019. "The Consequences of Unilateral Withdrawals from the Paris Agreement," CESifo Working Paper Series 7804, CESifo.
    3. Beöthy, Ákos & Kácsor, Enikő & Bartek-Lesi, Mária & Kerekes, Lajos & Kotek, Péter, 2019. "Energiaköltségek hatása a feldolgozóipar költség-versenyképességére [Energy costs and cost competitiveness in the manufacturing sector]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 256-285.
    4. Aldy, Joseph, 2017. "Designing and Updating a US Carbon Tax in an Uncertain World," Working Paper Series rwp17-001, Harvard University, John F. Kennedy School of Government.
    5. Cole, Wesley & Antonysamy, Adithya & Brown, Patrick & Sergi, Brian & Mai, Trieu & Denholm, Paul, 2023. "How much might it cost to decarbonize the power sector? It depends on the metric," Energy, Elsevier, vol. 276(C).
    6. Kaltenegger, Oliver, 2020. "What drives total real unit energy costs globally? A novel LMDI decomposition approach," Applied Energy, Elsevier, vol. 261(C).
    7. Bento, Nuno & Gianfrate, Gianfranco, 2020. "Determinants of internal carbon pricing," Energy Policy, Elsevier, vol. 143(C).
    8. Germà Bel & Jordi J. Teixidó, 2019. "“The Political Economy of the Paris Agreement. Income Inequality and Climate Policy”," IREA Working Papers 201915, University of Barcelona, Research Institute of Applied Economics, revised Sep 2019.
    9. Simon Quemin & Christian Perthuis, 2019. "Transitional Restricted Linkage Between Emissions Trading Schemes," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(1), pages 1-32, September.
    10. Keigo Akimoto & Fuminori Sano & Bianka Shoai Tehrani, 2017. "The analyses on the economic costs for achieving the nationally determined contributions and the expected global emission pathways," Evolutionary and Institutional Economics Review, Springer, vol. 14(1), pages 193-206, June.

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