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Three Key Elements of Post-2012 International Climate Policy ArchitectureSheila M. OlmsteadYale University - School of Forestry and Environmental Studies Robert N. StavinsHarvard University - Harvard Kennedy School (HKS); Resources for the Future; National Bureau of Economic Research (NBER) June 1, 2010 Review of Environmental Economics and Policy, Forthcoming FEEM Working Paper No. 97.2010 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.
Number of Pages in PDF File: 27 Keywords: Global Climate Change, Global Warming, Policy Architecture, Kyoto Protocol JEL Classification: Q54, Q58, Q48, Q39 Accepted Paper SeriesDate posted: August 31, 2010Suggested CitationContact Information
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