Trade-Offs and Performances of a Range of Alternative Global Climate Architectures for Post-2012

Environmental Science & Policy, Vol. 13, No. 1, pp. 63-71, July 2009

10 Pages Posted: 4 Jul 2011

See all articles by Ronal Gainza

Ronal Gainza

affiliation not provided to SSRN

Philippe Thalmann

Swiss Federal Institute of Technology Lausanne - Ecole Polytechnique Federale de Lausanne (EPFL)

Juan-Carlos Altamirano-Cabrera

Wageningen University - Social Sciences, Environmental Economics and Natural Resources Group

Laurent Drouet

Ecole Polytechnique Fédérale de Lausanne

Date Written: July 4, 2009

Abstract

Quantitative assessments help to highlight the main features of climate policies by better identifying their strengths and weaknesses. In this study, we develop a grading system for assessing thirteen proposals for post-2012 climate policy. We believe that these proposals contain appropriate policy instruments which will be considered for discussions about how to design the post-2012 climate agreement. Our grades are based on four criteria: environmental effectiveness, cost effectiveness, distributional considerations and institutional feasibility. We analyze the grades with two complementary methods: principal component and cluster analysis. Our results entail three policy implications. Firstly, the higher the number of policy instruments a proposal comprises, the more difficult might be its implementation. Secondly, proposals which include a meaningful effort by the U.S. tend to fail in environmental effectiveness and institutional feasibility. Thirdly, we identify that the "first best" and the "second best" approaches belong to a stable policy group, and both may be considered as suitable candidates for post-2012 climate policy.

Keywords: Post-2012 global climate architecture, principal component analysis, cluster analysis

Suggested Citation

Gainza, Ronal and Thalmann, Philippe and Altamirano-Cabrera, Juan-Carlos and Drouet, Laurent, Trade-Offs and Performances of a Range of Alternative Global Climate Architectures for Post-2012 (July 4, 2009). Environmental Science & Policy, Vol. 13, No. 1, pp. 63-71, July 2009, Available at SSRN: https://ssrn.com/abstract=1878512

Ronal Gainza

affiliation not provided to SSRN ( email )

Philippe Thalmann (Contact Author)

Swiss Federal Institute of Technology Lausanne - Ecole Polytechnique Federale de Lausanne (EPFL) ( email )

EPFL ENAC IA LEURE
Station 16
Lausanne, CH-1015
Switzerland
+41 21 693 7321 (Phone)

HOME PAGE: http://people.epfl.ch/philippe.thalmann

Juan-Carlos Altamirano-Cabrera

Wageningen University - Social Sciences, Environmental Economics and Natural Resources Group ( email )

De Leeuwenborch
Hollandseweg 1
6706 KN Wageningen
Netherlands

Laurent Drouet

Ecole Polytechnique Fédérale de Lausanne ( email )

Station 16
Lausanne, 1015
Switzerland

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