An Expanded Three-Part Architecture for Post-2012 International Climate Policy

29 Pages Posted: 15 Dec 2009

See all articles by Sheila M. Olmstead

Sheila M. Olmstead

LBJ School of Public Affairs; Resources for the Future

Robert N. Stavins

Harvard University - Harvard Kennedy School (HKS); Resources for the Future; National Bureau of Economic Research (NBER)

Multiple version iconThere are 2 versions of this paper

Date Written: December 9, 2009

Abstract

We describe the major features of a post-2012 international global climate policy architecture with three essential elements: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ways; an emphasis on an extended time path of targets; and inclusion of flexible market-based policy instruments to keep costs down and facilitate international equity. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change; addresses specific shortcomings of the Kyoto Protocol; and builds upon the foundation of the United Nations Framework Convention on Climate Change.

Keywords: global climate change, global warming, policy architecture, Kyoto Protocol

JEL Classification: Q54, Q58, Q48, Q39

Suggested Citation

Olmstead, Sheila M. and Stavins, Robert N., An Expanded Three-Part Architecture for Post-2012 International Climate Policy (December 9, 2009). HKS Working Paper No. RWP09-036, Available at SSRN: https://ssrn.com/abstract=1523304 or http://dx.doi.org/10.2139/ssrn.1523304

Sheila M. Olmstead (Contact Author)

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Robert N. Stavins

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