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

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  • 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.
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    File URL: http://hdl.handle.net/10.1093/reep/rev013
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    References listed on IDEAS

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    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. von Uexkull, Nina & Rød, Espen Geelmuyden & Svensson, Isak, 2024. "Fueling protest? Climate change mitigation, fuel prices and protest onset," World Development, Elsevier, vol. 177(C).
    3. Mario Larch & Joschka Wanner, 2019. "The Consequences of Unilateral Withdrawals from the Paris Agreement," CESifo Working Paper Series 7804, CESifo.
    4. 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.
    5. 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.
    6. 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).
    7. Larch, Mario & Wanner, Joschka, 2024. "The consequences of non-participation in the Paris Agreement," Open Access Publications from Kiel Institute for the World Economy 302105, Kiel Institute for the World Economy (IfW Kiel).
    8. Kaltenegger, Oliver, 2020. "What drives total real unit energy costs globally? A novel LMDI decomposition approach," Applied Energy, Elsevier, vol. 261(C).
    9. Bento, Nuno & Gianfrate, Gianfranco, 2020. "Determinants of internal carbon pricing," Energy Policy, Elsevier, vol. 143(C).
    10. Nuno Bento & Gianfranco Gianfrate & Joseph E. Aldy, 2021. "National Climate Policies and Corporate Internal Carbon Pricing," The Energy Journal, , vol. 42(5), pages 89-100, September.
    11. Larch, Mario & Wanner, Joschka, 2024. "The consequences of non-participation in the Paris Agreement," European Economic Review, Elsevier, vol. 163(C).
    12. 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.
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    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

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