Olmstead, Sheila M.Stavins, Robert2010-09-212010Olmstead, 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.http://nrs.harvard.edu/urn-3:HUL.InstRepos:4448992We 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.en-USMBG - Markets, Business, and GovernmentEnvironment and Natural ResourcesClimate ChangeEnergyRegulatory PolicyDEV - International DevelopmentIGA - International Global AffairsResearch Paper or Report2010-09-2110.2139/ssrn.1624952