Environmental Policy

Download Architectures for Agreement: Addressing Global Climate by Joseph E. Aldy, Robert N. Stavins PDF

By Joseph E. Aldy, Robert N. Stavins

With expanding greenhouse fuel emissions, we're launched into an extraordinary scan with an doubtful consequence for the way forward for the planet. The Kyoto Protocol serves as an preliminary step via 2012 to mitigate the threats posed by means of worldwide weather switch yet policy-makers, students, businessmen, and environmentalists have all started debating the constitution of the successor to the Kyoto contract. Written through a group of major students in economics, legislation and diplomacy, this e-book contributes to this debate by means of interpreting the benefits of six substitute overseas architectures for weather coverage.

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For the workshop and this book, the Harvard Environmental Economics Program commissioned six papers that propose specific international policy architectures to succeed the Kyoto Protocol. Accompanying each paper are two commentaries, some of which provide their own visions for future policy architectures. Both the 16 Joseph E. Aldy and Robert N. 1 Participants at May 2006 workshop on architectures for agreement: addressing global climate change in the post-Kyoto world Joseph Aldy Scott Barrett Daniel Bodansky Carlo Carraro Richard Cooper Daniel Esty Brian Flannery Jeffrey Frankel Joyeeta Gupta James Hammitt Chris Harrison Thomas Heller Henry Jacoby Axel Michaelowa Juan-Pablo Montero Richard Morgenstern Christopher Mottershead Sheila Olmstead Jonathan Pershing William Pizer Thomas Schelling Daniel Schrag Robert Stavins Lawrence Summers David Victor Jonathan Wiener Peter Wilcoxen Resources for the Future Johns Hopkins University University of Georgia Università Ca’Foscari Venezia Harvard University Yale University Exxon-Mobil Harvard University Vrije Universiteit Amsterdam Harvard University Cambridge University Press Stanford University Massachusetts Institute of Technology Hamburg Institute Pontificia Universidad Católica de Chile Resources for the Future BP Yale University World Resources Institute Resources for the Future University of Maryland Harvard University Harvard University Harvard University Stanford University Duke University Syracuse University proposals and the commentaries were presented at the two-day workshop and received substantial discussion and comments.

Developing countries could be incorporated into the auction as sellers of emission permits, much in line with David Bradford’s 2002 climate policy architecture proposal. Synthesis and conclusions This volume closes with two chapters that draw out the key conclusions from the proposals and commentaries and provides guidance for the international policy community. In the Epilogue, Thomas Schelling, the 2005 Nobel Laureate in economics and professor at the University of Maryland, reflects on the range of architectures from the top-down to the bottom-up frameworks.

Barrett believes that this suite of unilateral and coordinated policy responses could effectively address the multifaceted characteristics of global climate change. Daniel Esty of Yale University and Henry Jacoby of the Massachusetts Institute of Technology comment on Barrett’s proposal. ” Esty identifies several elements of the Montreal Protocol that resulted in its success and should be incorporated in a global climate policy architecture. He notes that the agreement required that all countries phase out ozone-depleting substances, in contrast with the Kyoto approach of focusing only on industrialized countries.

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