Three Key Elements of Post-2012 International Climate Policy Architecture

Review of Environmental Economics and Policy, Forthcoming

FEEM Working Paper No. 97.2010

27 Pages Posted: 31 Aug 2010

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 3 versions of this paper

Date Written: June 1, 2010

Abstract

We describe three essential elements of an effective post-2012 international global climate policy architecture: 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., Three Key Elements of Post-2012 International Climate Policy Architecture (June 1, 2010). Review of Environmental Economics and Policy, Forthcoming, FEEM Working Paper No. 97.2010, Available at SSRN: https://ssrn.com/abstract=1669283

Sheila M. Olmstead

LBJ School of Public Affairs ( email )

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Resources for the Future ( email )

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Robert N. Stavins (Contact Author)

Harvard University - Harvard Kennedy School (HKS) ( email )

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Resources for the Future

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National Bureau of Economic Research (NBER) ( email )

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