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

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  • Stavins, Robert Norman
  • Olmstead, Sheila M.

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.

Suggested Citation

  • Stavins, Robert Norman & Olmstead, Sheila M., 2009. "An Expanded Three-Part Architecture for Post-2012 International Climate Policy," Scholarly Articles 4449104, Harvard Kennedy School of Government.
    • Handle: RePEc:hrv:hksfac:4449104
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    Cited by:

    1. Michael Mehling, 2012. "Alternative Frameworks for International Climate Cooperation: Towards a Systematic Assessment Matrix," WIFO Studies, WIFO, number 44538, Juni.
    2. De Cian, Enrica & Favero, Alice, 2010. "Fairness, Credibility and Effectiveness in the Copenhagen Accord: An Economic Assessment," Sustainable Development Papers 59478, Fondazione Eni Enrico Mattei (FEEM).

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    More about this item

    JEL classification:

    • Q39 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Other
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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