Contrasting Future Paths for an Evolving Global Climate Regime

This paper explores two different conceptions of how an emerging climate regime might evolve to strengthen incentives for more vigorous cooperation in mitigating global climate change. One is the paradigm that has figured most prominently in negotiations to this point: the establishment of targets and timetables for countries to limit their aggregate greenhouse gas emissions. The other approach consists of a variety of loosely coordinated smaller scale agreements, each one of which addresses a different aspect of the challenge, and is enforced in its own way. The primary conclusion is that an agreement of the first type may be more cost-effective, but that a system of agreements of the second type would likely sustain more abatement overall.

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Bibliographic Details
Main Authors: Barrett, Scott, Toman, Michael
Language:English
en_US
Published: World Bank, Washington, DC 2010-01
Subjects:ABATEMENT, ACID, ACID PRODUCTION, AFFORESTATION, AIR, AIRCRAFT, ALLOCATION, ALLOCATION OF ALLOWANCES, ALLOWANCE, ALLOWANCE ALLOCATION, ALLOWANCE ALLOCATIONS, ALLOWANCE TRADING, ALUMINUM, AMMONIA, ATMOSPHERE, CAPITAL COSTS, CAPITAL STOCKS, CAPS, CARBON, CARBON CAPTURE, CARBON EMISSION, CARBON EMISSIONS, CARBON INTENSITY, CFC, CH4, CLEAN DEVELOPMENT MECHANISM, CLEAN ENERGY, CLIMATE, CLIMATE CHANGE CATASTROPHES, CLIMATE POLICY, CLIMATE SYSTEM, CO, CO2, COMPLIANCE COSTS, CONCENTRATION TARGET, COST EFFECTIVENESS, COSTS OF ABATEMENT, DAMAGES, DEFORESTATION, DEVELOPED COUNTRIES, DIFFUSION, DISCOUNT RATE, DOMESTIC EMISSIONS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC IMPACTS, ECONOMIES OF SCALE, ECOSYSTEM, ELECTRIC POWER, ELECTRICITY, ELECTRICITY GENERATION, ELECTRICITY SECTOR, EMISSION, EMISSION ALLOWANCES, EMISSION CONTROL, EMISSION QUOTAS, EMISSION REDUCTION, EMISSION REDUCTION TARGETS, EMISSION REDUCTIONS, EMISSION TARGETS, EMISSIONS ALLOWANCES, EMISSIONS INTENSITY, EMISSIONS LEVELS, EMISSIONS LIMITS, EMISSIONS OF METHANE, EMISSIONS REDUCTION, EMISSIONS REDUCTIONS, ENERGY EFFICIENCY, ENERGY POLICY, ENERGY USE, ENTITLEMENTS, ENVIRONMENTAL, ENVIRONMENTAL ECONOMICS, ENVIRONMENTAL POLICY, ENVIRONMENTAL PROTECTION, ENVIRONMENTAL PROTECTION AGENCY, EXTERNALITIES, EXTREME WEATHER, EXTREME WEATHER EVENTS, FEASIBILITY, FINANCIAL ASSISTANCE, FINANCIAL RESOURCES, FINANCIAL SUPPORT, FINANCIAL TRANSFERS, FOREST, FOREST COVER, FOREST COVER CHANGE, FOREST PROTECTION, FORESTRY, FOSSIL FUEL, FOSSIL FUELS, FRAMEWORK CONVENTION ON CLIMATE CHANGE, FUEL EFFICIENCY, FUEL STANDARDS, GHG, GHGS, GLOBAL CARBON MARKET, GLOBAL CLIMATE CHANGE, GLOBAL EMISSIONS, GLOBAL WARMING, GLOBAL WARMING TREATY, GREENHOUSE, GREENHOUSE GAS, GREENHOUSE GAS EMISSIONS, GREENHOUSE GASES, HFC, HFCS, HYDROFLUOROCARBONS, HYDROGEN, INCOME, INDUSTRIAL GASES, INSURANCE, INTERNATIONAL AIR TRAVEL, INTERNATIONAL AVIATION, INTERNATIONAL EMISSIONS, INTERNATIONAL TRADING, IPCC, LAND USE, LAND USE CHANGE, LANDFILLS, MAGNESIUM, MARGINAL COSTS, MARINE TRANSPORT, MARITIME TRANSPORT, METHANE, MONTREAL, MONTREAL PROTOCOL, MONTREAL PROTOCOL ON SUBSTANCES THAT DEPLETE THE OZONE LAYER, N2O, NATIONAL EMISSION, NATIONAL EMISSION REDUCTION, NATIONAL EMISSIONS, NITROUS OXIDE, NYLON, OIL, OZONE, OZONE DEPLETION, PERFORMANCE STANDARD, PERFORMANCE STANDARDS, PETROCHEMICALS, PFCS, POLICY IMPLICATIONS, POLITICAL ECONOMY, POLLUTION, PORTFOLIO, PP, PRICE SIGNAL, PUBLIC ECONOMICS, PUBLIC GOOD, RAINFALL, REDUCING EMISSIONS, RENEWABLE ENERGY, RESOURCE ALLOCATIONS, RESOURCE ECONOMICS, RIDER, RISKS OF CLIMATE CHANGE, ROAD, ROAD TRANSPORT, SAFETY, SF6, SHADOW PRICE, SIDE PAYMENTS, STABILIZATION, STRATOSPHERE, STRATOSPHERIC OZONE, SULFUR, SULFUR HEXAFLUORIDE, SUSTAINABLE DEVELOPMENT, TEMPERATURE, TEMPERATURE CHANGE, TOTAL EMISSIONS, TRANSACTIONS COSTS, TRANSPARENCY, TRANSPORT SECTOR, TRANSPORTATION, VEHICLE, VEHICLES, WASTEWATER TREATMENT,
Online Access:http://documents.worldbank.org/curated/en/2010/01/11599208/contrasting-future-paths-evolving-global-climate-regime
https://hdl.handle.net/10986/19953
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