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Three Key Elements of Post-2012 International Climate Policy Architecture

Author

Listed:
  • Sheila M. Olmstead

    (chool of Forestry and Environmental Studies, Yale University, Resources for the Future)

  • Robert N. Stavins

    (John F. Kennedy School of Government, Harvard University, Resources for the Future, National Bureau of Economic Research)

Abstract

We describe three essential elements of an effective post-2012 international global climate policy architecture: 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

  • Sheila M. Olmstead & Robert N. Stavins, 2010. "Three Key Elements of Post-2012 International Climate Policy Architecture," Working Papers 2010.97, Fondazione Eni Enrico Mattei.
  • Handle: RePEc:fem:femwpa:2010.97
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    References listed on IDEAS

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    1. repec:wsi:ccexxx:v:08:y:2017:i:04:n:s2010007817500130 is not listed on IDEAS
    2. Itkonen, Juha, 2017. "Efficiency and dependency in a network of linked permit markets," Research Discussion Papers 20/2017, Bank of Finland.
    3. Joseph Aldy, 2014. "The crucial role of policy surveillance in international climate policy," Climatic Change, Springer, vol. 126(3), pages 279-292, October.
    4. Farrahi Moghaddam, Reza & Farrahi Moghaddam, Fereydoun & Cheriet, Mohamed, 2013. "A modified GHG intensity indicator: Toward a sustainable global economy based on a carbon border tax and emissions trading," Energy Policy, Elsevier, vol. 57(C), pages 363-380.
    5. Muhammad Ishaq-ur Rahman, 2013. "Climate Change: a Theoretical Review," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 11(1), pages 1-13.
    6. repec:oup:oxecpp:v:69:y:2017:i:2:p:345-364. is not listed on IDEAS
    7. George A. Gonzalez, 2016. "Transforming Energy: Solving Climate Change with Technology Policy . New York : Cambridge University Press . 360 pages. ISBN 9781107614970, $29.99 paperback. Anthony Patt , 2015 ," Review of Policy Research, Policy Studies Organization, vol. 33(1), pages 111-113, January.
    8. Burtraw, Dallas & Palmer, Karen & Munnings, Clayton & Weber, Paige & Woerman, Matt, 2013. "Linking by Degrees: Incremental Alignment of Cap-and-Trade Markets," Discussion Papers dp-13-04, Resources For the Future.
    9. Henckens, M.L.C.M. & Driessen, P.P.J. & Ryngaert, C. & Worrell, E., 2016. "The set-up of an international agreement on the conservation and sustainable use of geologically scarce mineral resources," Resources Policy, Elsevier, vol. 49(C), pages 92-101.
    10. Erik Ansink & Hans-Peter Weikard & Cees Withagen, 2015. "International Environmental Agreements with Support," Tinbergen Institute Discussion Papers 15-015/VIII, Tinbergen Institute, revised 07 Jul 2017.
    11. Kamleshan Pillay & Jorge E. Viñuales, 2016. "“Monetary” rules for a linked system of offset credits," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 16(6), pages 933-951, December.

    More about this item

    Keywords

    Global Climate Change; Global Warming; Policy Architecture; Kyoto Protocol;

    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
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q39 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Other

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