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Three Key Elements of Post-2012 International Climate Policy Architecture

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2010

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John F. Kennedy School of Government, Harvard University
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Olmstead, Sheila M. and Robert N. Stavins. 2010. Three Key Elements of Post-2012 International Climate Policy Architecture. Faculty Research Working Paper Series, RWP10-030, John F. Kennedy School of Government, Harvard University.

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.

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MBG - Markets, Business, and Government, Environment and Natural Resources, Climate Change, Energy, Regulatory Policy, DEV - International Development, IGA - International Global Affairs

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