An Expanded Three-Part Architecture for Post-2012 International Climate Policy
29 Pages Posted: 15 Dec 2009
Date Written: December 9, 2009
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: Suggested Citation