PdF Global Carbon Pricing: The Path to Climate Cooperation
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Book details
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Author :
Pages : 268 pages
Publisher : The MIT
Press 2017-06-16
Language : English
ISBN-10 : 0262036266
ISBN-13 :
9780262036269
Book Synopsis
After twenty-five years of
failure, climate negotiations
continue to use a "pledge and
review" approach: countries
pledge (almost anything),
subject to (unenforced)
review. This approach
ignores everything we know
about human cooperation. In
this book, leading economists
describe an alternate model
for climate agreements,
drawing on the work of the
late Nobel laureate Elinor
Ostrom and others. They
show that a "common
commitment" scheme is more
effective than an "individual
commitment" scheme; the
latter depends on altruism
while the former involves
reciprocity ("we will if you
will").The contributors
propose that global carbon
pricing is the best candidate
for a reciprocal common
commitment in climate
negotiations. Each country
would commit to placing
charges on carbon emissions
sufficient to match an agreed
global price formula. The
contributors show that carbon
pricing would facilitate
negotiations and
enforcement, improve
efficiency and flexibility, and
make other climate policies
more effective. Additionally,
they analyze the failings of
the 2015 Paris climate
conference.ContributorsRich
ard N. Cooper, Peter
Cramton, Ottmar Edenhofer,
Christian Gollier, Éloi
Laurent, David JC MacKay,
William Nordhaus, Axel
Ockenfels, Joseph E. Stiglitz,
Steven Stoft, Jean Tirole,
Martin L. Weitzman