IDEAS home Printed from https://ideas.repec.org/a/oup/renvpo/v10y2016i1p3-24..html
   My bibliography  Save this article

Editor's Choice Alternative Metrics for Comparing Domestic Climate Change Mitigation Efforts and the Emerging International Climate Policy Architecture

Author

Listed:
  • Joseph E. Aldy
  • William A. Pizer

Abstract

The availability of practical mechanisms for comparing domestic efforts aimed at mitigating global climate change is 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. (JEL: Q54, Q58, F55)

Suggested Citation

  • Joseph E. Aldy & William A. Pizer, 2016. "Editor's Choice Alternative Metrics for Comparing Domestic Climate Change Mitigation Efforts and the Emerging International Climate Policy Architecture," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 10(1), pages 3-24.
    • Handle: RePEc:oup:renvpo:v:10:y:2016:i:1:p:3-24.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/reep/rev013
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Finger, J. Michael & Reincke, Ulrich & Castro, Adriana, 1999. "Market access bargaining in the Uruguay Round - Rigid or relaxed reciprocity?," Policy Research Working Paper Series 2258, The World Bank.
    2. World Bank, 2015. "World Development Indicators 2015," World Bank Publications - Books, The World Bank Group, number 21634, December.
    3. Joseph E. Aldy, 2017. "Policy surveillance in the G-20 fossil fuel subsidies agreement: lessons for climate policy," Climatic Change, Springer, vol. 144(1), pages 97-110, September.
    4. Gaskins, Darius W, Jr & Weyant, John P, 1993. "Model Comparisons of the Costs of Reducing CO2 Emissions," American Economic Review, American Economic Association, vol. 83(2), pages 318-323, May.
    5. Joseph E. Aldy & William A. Pizer & Keigo Akimoto, 2017. "Comparing emissions mitigation efforts across countries," Climate Policy, Taylor & Francis Journals, vol. 17(4), pages 501-515, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Matthew J. Kotchen, 2018. "Which Social Cost of Carbon? A Theoretical Perspective," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 5(3), pages 673-694.
    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. Larch, Mario & Wanner, Joschka, 2024. "The consequences of non-participation in the Paris Agreement," European Economic Review, Elsevier, vol. 163(C).
    9. 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.
    10. 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.
    11. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Aldy, Joseph E., 2015. "Evaluating Mitigation Effort: Tools and Institutions for Assessing Nationally Determined Contributions," Working Paper Series 15-068, Harvard University, John F. Kennedy School of Government.
    3. Aldy, Joseph E. & Pizer, William A., 2014. "Comparability of Effort in International Climate Policy Architecture," Working Paper Series rwp14-006, Harvard University, John F. Kennedy School of Government.
    4. Jan Fagerberg & Bengt-Åke Lundvall & Martin Srholec, 2018. "Global Value Chains, National Innovation Systems and Economic Development," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(3), pages 533-556, July.
    5. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Governance, capital flight and industrialisation in Africa," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 8(1), pages 1-22, December.
    6. Klotz, Richard & Gurung, Ram & Ogle, Stephen & Paustian, Keith & Sheehan, John & Bento, Antonio M., 2015. "Evaluating Policy Options to Reduce N2O Emissions from US Agriculture," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205808, Agricultural and Applied Economics Association.
    7. Richard Chisik & Nazanin Behzadan & Harun Onder & Apurva Sanghi, 2016. "Aid, Remittances, the Dutch Disease, Refugees, and Kenya," Working Papers 062, Ryerson University, Department of Economics.
    8. Al Zayed, Islam Sabry & Elagib, Nadir Ahmed & Ribbe, Lars & Heinrich, Jürgen, 2016. "Satellite-based evapotranspiration over Gezira Irrigation Scheme, Sudan: A comparative study," Agricultural Water Management, Elsevier, vol. 177(C), pages 66-76.
    9. Corno, Lucia & Voena, Alessandra, 2023. "Child marriage as informal insurance: Empirical evidence and policy simulations," Journal of Development Economics, Elsevier, vol. 162(C).
    10. Iseghohi Judith Omon, 2021. "Migrant Remittances and Health Outcomes in the West Africa Monetary Zones (WAMZ)," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 24(81), pages 15-32, September.
    11. SangHyun Cheon & Dong-Wook Song & Sungjin Park, 2018. "Does more competition result in better port performance?," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 20(3), pages 433-455, September.
    12. Rentschler, Jun, 2016. "Incidence and impact: The regional variation of poverty effects due to fossil fuel subsidy reform," Energy Policy, Elsevier, vol. 96(C), pages 491-503.
    13. Asongu, Simplice & Nwachukwu, Jacinta, 2016. "Reconciliation of the Washington Consensus with the Beijing Model in Africa," MPRA Paper 73685, University Library of Munich, Germany.
    14. Simplice A. Asongu & Uchenna R. Efobi & Ibukun Beecroft, 2021. "Aid in Modulating the Impact of Terrorism on FDI: No Positive Thresholds, No Policy," Forum for Social Economics, Taylor & Francis Journals, vol. 50(4), pages 432-456, October.
    15. Sheng, Yu & Xu, Xinpeng, 2019. "The productivity impact of climate change: Evidence from Australia's Millennium drought," Economic Modelling, Elsevier, vol. 76(C), pages 182-191.
    16. Garfield O. Blake, 2015. "Using Increases in Criminal Deportees from the US to Estimate the Effect of Crime on Economic Growth and Development in Latin America and the Caribbean," Laws, MDPI, vol. 4(4), pages 1-18, November.
    17. Chakraborty, Adrij, 2017. "Colonial Origins and Comparative Development: Institutions Matter," MPRA Paper 86320, University Library of Munich, Germany, revised Feb 2018.
    18. Simplice A. Asongu & Jacinta C. Nwachukwu, 2018. "Increasing Foreign Aid for Inclusive Human Development in Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 138(2), pages 443-466, July.
    19. Garikai Makuyana & Nicholas M. Odhiambo, 2019. "Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 32(1), pages 673-689, January.
    20. Eric Fosu Oteng-Abayie & Prosper Awuni Ayinbilla & Maame Esi Eshun, 2018. "Macroeconomic Determinants of Crude Oil Demand in Ghana," Global Business Review, International Management Institute, vol. 19(4), pages 873-888, August.

    More about this item

    JEL classification:

    • 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
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:renvpo:v:10:y:2016:i:1:p:3-24.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aereeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.