The Dilemmas of International Climate Change Negotiations and the Role for Linked Emissions Trading Schemes in the Post 2020
Larry Kreiser et al (eds), Market Instruments and the Protection of Natural Resources, Critical Issues in Environmental Taxation XIV (UK: Edward Elgar, 2016), pp. 204-219
Posted: 3 Apr 2018 Last revised: 1 Jun 2018
Date Written: September 1, 2015
This paper focuses on two important factors that undermined efforts to adopt legally binding commitments by all major emitters under the first commitment period of the Kyoto Protocol. Firstly, strict divisions between the developed and developing countries were formalised by the Kyoto Protocol. Secondly, there are common concerns which led governments from the key polluter countries to the conclusion that adhering to a legally binding agreement was irrational. Based on the lessons from the historical analysis that follows, I identify a key role for the linking of Emissions Trading Schemes (ETS) within the new framework for international cooperation under the Paris Agreement.
Keywords: Cimate Change, International Negotiations
JEL Classification: K32, K33, K42
Suggested Citation: Suggested Citation