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Three Key Elements of Post-2012 International Climate Policy Architecture

  • Olmstead, Sheila M.
  • Stavins, Robert Norman

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.

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File URL: http://dash.harvard.edu/bitstream/handle/1/4448992/Olmstead_ThreeKey.pdf
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Paper provided by Harvard Kennedy School of Government in its series Scholarly Articles with number 4448992.

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Date of creation: 2010
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Publication status: Published in Faculty Research Working Paper Series
Handle: RePEc:hrv:hksfac:4448992
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Web page: http://www.hks.harvard.edu/

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  1. Pizer, William A., 2002. "Combining price and quantity controls to mitigate global climate change," Journal of Public Economics, Elsevier, vol. 85(3), pages 409-434, September.
  2. Warwick J. McKibbin & Peter J Wilcoxen, 2003. "Estimates of the Costs of Kyoto-Marrakesh Versus The McKibbin-Wilcoxen Blueprint," Departmental Working Papers 2003-14, The Australian National University, Arndt-Corden Department of Economics.
  3. Murray, Brian C. & Newell, Richard G. & Pizer, William A., 2008. "Balancing Cost and Emissions Certainty: An Allowance Reserve for Cap-and-Trade," Discussion Papers dp-08-24, Resources For the Future.
  4. Randall Lutter, 2000. "Developing Countries' Greenhouse Emmissions: Uncertainty and Implications for Participation in the Kyoto Protocol," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 93-120.
  5. Toman, Michael & Kolstad, Charles, 2000. "The Economics of Climate Policy," Discussion Papers dp-00-40, Resources For the Future.
  6. Michael Grubb, 2003. "The Economics of the Kyoto Protocol," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 4(3), pages 143-189, July.
  7. Aldy, Joseph & Barrett, Scott & Stavins, Robert, 2003. "Thirteen Plus One: A Comparison of Global Climate Policy Architectures," Working Paper Series rwp03-012, Harvard University, John F. Kennedy School of Government.
  8. repec:oup:renvpo:v:6:y::i:1:p:110-129 is not listed on IDEAS
  9. repec:reg:rpubli:70 is not listed on IDEAS
  10. Fowlie, Meredith & Perloff, Jeffrey M, 2008. "Distributing pollution rights in cap-and-trade programs : are outcomes independent of allocation?," CUDARE Working Paper Series 0968R, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
  11. Gilbert E. Metcalf, 2009. "Market-Based Policy Options to Control U.S. Greenhouse Gas Emissions," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 5-27, Spring.
  12. Hahn, Robert W. & Stavins, Robert Norman, 2010. "The Effect of Allowance Allocations on Cap-and-Trade System Performance," Scholarly Articles 4449098, Harvard Kennedy School of Government.
  13. Sugiyama, Taishi & Deshun, Liu, 2004. "Must developing countries commit quantified targets? Time flexibility and equity in climate change mitigation," Energy Policy, Elsevier, vol. 32(5), pages 697-704, March.
  14. Stavins, Robert N., 2003. "Experience with market-based environmental policy instruments," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 9, pages 355-435 Elsevier.
  15. Robert N. Stavins & Judson Jaffe, 2008. "Linkage of Tradable Permit Systems in International Climate Policy Architecture," Working Papers 2008.90, Fondazione Eni Enrico Mattei.
  16. Warwick J. McKibbin & Peter J. Wilcoxen, 2002. "The Role of Economics in Climate Change Policy," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 107-129, Spring.
  17. Toman, Michael & Shogren, Jason, 2000. "Climate Change Policy," Discussion Papers dp-00-22, Resources For the Future.
  18. Valentina Bosetti & Jeffrey Frankel, 2009. "Global Climate Policy Architecture and Political Feasibility: Specific Formulas and Emission Targets to Attain 460 ppm CO2 Concentrations," Working Papers 2009.92, Fondazione Eni Enrico Mattei.
  19. Gilbert E. Metcalf & David Weisbach, 2012. "Linking Policies When Tastes Differ: Global Climate Policy in a Heterogeneous World," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 6(1), pages 110-129.
  20. Goulder, Lawrence H. & Schneider, Stephen H., 1999. "Induced technological change and the attractiveness of CO2 abatement policies," Resource and Energy Economics, Elsevier, vol. 21(3-4), pages 211-253, August.
  21. Pizer, William & Newell, Richard, 1998. "Regulating Stock Externalities Under Uncertainty," Discussion Papers dp-99-10-rev, Resources For the Future.
  22. repec:reg:rpubli:47 is not listed on IDEAS
  23. Stavins Robert N., 1995. "Transaction Costs and Tradeable Permits," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 133-148, September.
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