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Contrasting future paths for an evolving global climate regime

Author

Listed:
  • Barrett, Scott
  • Toman, Michael

Abstract

This paper explores two different conceptions of how an emerging climate regime might evolve to strengthen incentives for more vigorous cooperation in mitigating global climate change. One is the paradigm that has figured most prominently in negotiations to this point: the establishment of targets and timetables for countries to limit their aggregate greenhouse gas emissions. The other approach consists of a variety of loosely coordinated smaller scale agreements, each one of which addresses a different aspect of the challenge, and is enforced in its own way. The primary conclusion is that an agreement of the first type may be more cost-effective, but that a system of agreements of the second type would likely sustain more abatement overall.

Suggested Citation

  • Barrett, Scott & Toman, Michael, 2010. "Contrasting future paths for an evolving global climate regime," Policy Research Working Paper Series 5164, The World Bank.
  • Handle: RePEc:wbk:wbrwps:5164
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    Citations

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    Cited by:

    1. Luke Kemp, 2015. "A climate treaty without the US Congress: Using executive powers to overcome the 'Ratification Straitjacket'," CCEP Working Papers 1513, Centre for Climate Economics & Policy, Crawford School of Public Policy, The Australian National University.
    2. Nilsson, Måns & Persson, Åsa, 2012. "Reprint of “Can Earth system interactions be governed? Governance functions for linking climate change mitigation with land use, freshwater and biodiversity protection”," Ecological Economics, Elsevier, vol. 81(C), pages 10-20.
    3. Peter Cramton & Steven Stoft, 2010. "International Climate Games: From Caps to Cooperation," Papers of Peter Cramton 10icg, University of Maryland, Department of Economics - Peter Cramton, revised 2010.
    4. Elisabeth Gsottbauer & Jeroen den Bergh, 2013. "Bounded rationality and social interaction in negotiating a climate agreement," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 13(3), pages 225-249, September.
    5. Stephen Chaudoin & David Smith & Johannes Urpelainen, 2014. "American evangelicals and domestic versus international climate policy," The Review of International Organizations, Springer, vol. 9(4), pages 441-469, December.
    6. repec:unu:wpaper:wp2012-072 is not listed on IDEAS
    7. Mattoo, Aaditya & Subramanian, Arvind, 2012. "Equity in Climate Change: An Analytical Review," World Development, Elsevier, vol. 40(6), pages 1083-1097.
    8. Nilsson, Måns & Persson, Åsa, 2012. "Can Earth system interactions be governed? Governance functions for linking climate change mitigation with land use, freshwater and biodiversity protection," Ecological Economics, Elsevier, vol. 75(C), pages 61-71.
    9. Johannes Urpelainen, 2013. "A model of dynamic climate governance: dream big, win small," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 13(2), pages 107-125, May.
    10. Jingjing He & Yongfu Huang & Finn Tarp, 2014. "Has the Clean Development Mechanism assisted sustainable development?," Natural Resources Forum, Blackwell Publishing, vol. 0(4), pages 248-260, November.
    11. World Bank & United Nations, 2010. "Natural Hazards, UnNatural Disasters : The Economics of Effective Prevention," World Bank Publications, The World Bank, number 2512.
    12. repec:bla:glopol:v:8:y:2017:i:1:p:73-81 is not listed on IDEAS
    13. Kemp, Luke, 2015. "A climate treaty without the US Congress: Using executive powers to overcome the ‘Ratification Straitjacket’," Working Papers 249518, Australian National University, Centre for Climate Economics & Policy.

    More about this item

    Keywords

    Climate Change Mitigation and Green House Gases; Climate Change Economics; Montreal Protocol; Environmental Economics&Policies; Transport Economics Policy&Planning;

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