FEEM working papers "Note di lavoro" series
2010 .097

Three Key Elements of Post-2012 International Climate Policy Architecture


Authors: Sheila M. Olmstead, Robert N. Stavins
Series: Climate Change and Sustainable Development
Editor: Carlo Carraro
Type: Journal
Keywords: Global Climate Change, Global Warming, Policy Architecture, Kyoto Protocol
JEL n.: Q54, Q58, Q48, Q39
JEL: Review of Environmental Economics and Policy
Pages: Vol. 6, Issue 1, pp. 65-85
Date: 2012

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 and Robert N. Stavins, Three Key Elements of a Post-2012 International Climate Policy Architecture, Rev Environmental Economics and Policy Volume 6, No. 1, Pages 65-85, http://reep.oxfordjournals.org/content/6/1/65

Download file
Download PDF file

FEEM Update

Subscribe to stay connected.

Your personal data will be processed by Fondazione Eni Enrico Mattei. – data Controller – with the aim of emailing the FEEM newsletter. The use of Your email address is necessary for the implementation of the newsletter service. You are invited to read the Privacy Policy in order to obtain additional information about the protection of Your rights.

This Website uses technical cookies and cookie analytics, as well as “third party” profiling cookies.
If you close this banner or you decide to continue navigating on this Website, you express consent to the use of cookies. If you need additional information or you wish to express selective choices on the use of cookies, please refer to the   Cookie PolicyI agree