What role for trade in a post 2012 global climate policy regime
This NBER paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime
This NBER paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime
We first examine the necessary conditions for climate finance to trigger a virtuous circle of confidence among investors. Then we show that an agreement at a future COP on the value of the Social Cost of Carbon (SCC) and the recognition of resulting carbon assets by central banks as new legal reserves is decisive to leverage investments for LCPs