Building Blocks for Global Climate Protection
Richard B. Stewart
New York University School of Law
Princeton University - Woodrow Wilson School of Public and International Affairs
New York University (NYU) - Guarini Center on Environmental and Land Use Law
December 7, 2012
NYU Law and Economics Research Paper No. 12-43
The paper presents an innovative institutional strategy for global climate protection, quite distinct from, but ultimately complementary to the stalled UNFCCC climate treaty negotiations. The building blocks strategy relies on a variety of smaller-scale transnational cooperative arrangements, involving not only states but sub-national jurisdictions, firms, and NGOs, to undertake activities whose primary goal is not climate mitigation but which will achieve greenhouse gas reductions as an inherent byproduct. This strategy avoids the inherent problems in securing an enforceable treaty to secure the global public good of climate protection by mobilizing other incentives — including economic self-interest, energy security, cleaner air, and furtherance of international development — to motivate such actors to cooperate on actions that will also benefit the climate. The paper outlines three specific models of regime formation (club, linkage and dominant actor models) which draws on economics, international relations, and organizational behavior to create transnational regimes that are generally self-enforcing and sustainable, avoiding the free rider and compliance problems that are endemic in a climate treaty. These regimes will contribute to global climate action not only by achieving emissions reductions in the short-term, but also by creating global webs of cooperation and trust, and by linking the building block regimes to the UNFCCC system through greenhouse gas monitoring and reporting systems. In these ways, the building blocks regimes will help secure eventual agreement on a global climate treaty.
Number of Pages in PDF File: 39working papers series
Date posted: December 9, 2012 ; Last revised: January 17, 2013
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