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A Post-Hague Compromise on Reforestation

In: How I Saw It Analysis and Commentary on Environmental Finance (1999–2005)

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  • Richard L. Sandor

Abstract

The deadlock result from The Hague, in November, is a textbook example of A.W. Tucker’s 1950 treatise on games and decision theory. In the “prisoner’s dilemma”, two players are keptapart and, acting rationally — but without knowing the other’s strategy — make decisions thatleave both worse off. With open communication, the players might jointly prepare a strategy that leaves them both better off. There is an analogy in the debate over the inclusion of forests in Kyoto’s Clean Development Mechanism (CDM). And there is a win-win strategy that advances the interests of developing countries and the goals of the climate convention…

Suggested Citation

  • Richard L. Sandor, 2017. "A Post-Hague Compromise on Reforestation," World Scientific Book Chapters, in: How I Saw It Analysis and Commentary on Environmental Finance (1999–2005), chapter 14, pages 53-56, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813202658_0014
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    Keywords

    Environment; Emissions; Trading; Finance; Derivatives; Water; Energy; Carbon; Catastrophe; Weather; Sustainability; Fisheries; Greenhouse Gases; Sulfur Dioxide; Acid Rain;
    All these keywords.

    JEL classification:

    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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