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Moving on Towards a Workable Climate Regime

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  • de Melo, Jaime

Abstract

The Paris Agreement (PA) signed by 175 parties is now a Treaty since a quorum of signatories has been obtained. This Treaty is really the first important step taken to limit temperature increase, as pledges, if sustained and far more ambitious beyond 2030, would drastically limit the projected temperature increase from projections in the absence of measures to limit emissions of greenhouse gases. Contributions however fall short of the intentions to limit temperature increase to the +1.5° to +2° Celsius range since the onset of industrialization. Drawing on recent contributions, this paper reviews where we stand in tackling four challenges ahead: (i) taking fuller cognizance of the accumulating scientific evidence calling for urgent action; (ii) designing an architecture that will render effective the blend of ‘bottom-up’ and ‘top-down’ approaches; (iii) choosing policy options and tackling the slow transition to a low-carbon economy, and; (iv) raising finance and addressing burden sharing.

Suggested Citation

  • de Melo, Jaime, 2017. "Moving on Towards a Workable Climate Regime," CEPR Discussion Papers 11781, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:11781
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    References listed on IDEAS

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    Cited by:

    1. Florent MCISAAC & Daniel BASTIDAS, 2019. "Reaching Brazil's Nationally Determined Contributions: An Assessment of the Key Transitions in Final Demand and Employment," Working Paper 911644f9-625d-496f-8ecf-8, Agence française de développement.
    2. Michał Burzyński & Christoph Deuster & Frédéric Docquier & Jaime de Melo, 2022. "Climate Change, Inequality, and Human Migration," Journal of the European Economic Association, European Economic Association, vol. 20(3), pages 1145-1197.
    3. Michał Burzyński & Christoph Deuster & Frédéric Docquier & Jaime de Melo, 2022. "Climate Change, Inequality, and Human Migration," Journal of the European Economic Association, European Economic Association, vol. 20(3), pages 1145-1197.

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    More about this item

    Keywords

    Climate change; Ghg; Burden sharing; Pricing carbon;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • F18 - International Economics - - Trade - - - Trade and Environment

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