Bridging the gap: integrating price mechanisms into international climate negotiations

Bridging the gap: integrating price mechanisms into international climate negotiations / Warwick J. Mckibbin, Adele C. Morris & Peter J. Wilcoxen. Brookings, 3 December 2012, 17 p. (Climate and energy economics discussion paper)

Full report : http://www.brookings.edu/~/media/research/files/papers/2012/12/03%20climate%20negotiations%20pricing%20morris%20mckibbin%20wilcoxen/03%20climate%20negotiations%20pricing%20morris%20mckibbin%20wilcoxen.pdf

Executive summary :

The Parties to the United Nations Framework Convention on Climate Change (UNFCCC) continue their efforts to forge a new binding international agreement by 2015. The negotiations face daunting odds, but the 2009 Copenhagen Accord’s shift towards heterogeneous national commitments was a positive step forward for climate policy. The prior presumption that binding commitments could only take the form of a percentage reduction relative to historical levels alienated rapidly industrializing countries and led to unproductive disputes over base years and other issues of target formulation. However, the disparate approaches now under discussion complicate comparing the likely emissions reductions and economic efforts required to achieve the commitments… more


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