Global Carbon Pricing

Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unen...

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প্রকাশিত: The MIT Press 2022
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অনলাইন ব্যবহার করুন:ONIX_20220221_9780262340380_64
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collection Directory of Open Access Books
description Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. 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. Contributors Richard 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
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language eng
publishDate 2022
publishDateRange 2022
publishDateSort 2022
publisher The MIT Press
publisherStr The MIT Press
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spelling doab-20.500.12854ir-785442024-03-30T02:52:51Z Global Carbon Pricing Cramton, Peter MacKay, David JC Ockenfels, Axel Stoft, Steven emissions clean air climate change environmental economics CO2 greenhouse gases Paris Agreement free rider problem thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. 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. Contributors Richard 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 2022-02-21T15:11:15Z 2022-02-21T15:11:15Z 2017 book ONIX_20220221_9780262340380_64 9780262340380 9780262036269 https://directory.doabooks.org/handle/20.500.12854/78544 eng The MIT Press image/jpeg n/a https://doi.org/10.7551/mitpress/10914.001.0001 The MIT Press The MIT Press 10.7551/mitpress/10914.001.0001 10.7551/mitpress/10914.001.0001 ae0cf962-f685-4933-93d1-916defa5123d 9780262340380 9780262036269 The MIT Press 268 Cambridge open access
spellingShingle emissions
clean air
climate change
environmental economics
CO2
greenhouse gases
Paris Agreement
free rider problem
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
Global Carbon Pricing
title Global Carbon Pricing
title_full Global Carbon Pricing
title_fullStr Global Carbon Pricing
title_full_unstemmed Global Carbon Pricing
title_short Global Carbon Pricing
title_sort global carbon pricing
topic emissions
clean air
climate change
environmental economics
CO2
greenhouse gases
Paris Agreement
free rider problem
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
topic_facet emissions
clean air
climate change
environmental economics
CO2
greenhouse gases
Paris Agreement
free rider problem
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
url ONIX_20220221_9780262340380_64