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Contrasting future paths for an evolving global climate regime

Author

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  • Barrett, Scott
  • Toman, Michael

Abstract

This paper explores two different conceptions of how an emerging climate regime might evolve to strengthen incentives for more vigorous cooperation in mitigating global climate change. One is the paradigm that has figured most prominently in negotiations to this point: the establishment of targets and timetables for countries to limit their aggregate greenhouse gas emissions. The other approach consists of a variety of loosely coordinated smaller scale agreements, each one of which addresses a different aspect of the challenge, and is enforced in its own way. The primary conclusion is that an agreement of the first type may be more cost-effective, but that a system of agreements of the second type would likely sustain more abatement overall.

Suggested Citation

  • Barrett, Scott & Toman, Michael, 2010. "Contrasting future paths for an evolving global climate regime," Policy Research Working Paper Series 5164, The World Bank.
    • Handle: RePEc:wbk:wbrwps:5164
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    Citations

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    Cited by:

    1. Luke Kemp, 2015. "A climate treaty without the US Congress: Using executive powers to overcome the 'Ratification Straitjacket'," CCEP Working Papers 1513, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
    2. Peter Cramton & Steven Stoft, 2010. "International Climate Games: From Caps to Cooperation," Papers of Peter Cramton 10icg, University of Maryland, Department of Economics - Peter Cramton, revised 2010.
    3. Elisabeth Gsottbauer & Jeroen den Bergh, 2013. "Bounded rationality and social interaction in negotiating a climate agreement," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 13(3), pages 225-249, September.
    4. Stephen Chaudoin & David Smith & Johannes Urpelainen, 2014. "American evangelicals and domestic versus international climate policy," The Review of International Organizations, Springer, vol. 9(4), pages 441-469, December.
    5. Yongfu Huang & Jingjing He & Finn Tarp, 2012. "Is the Clean Development Mechanism Promoting Sustainable Development?," WIDER Working Paper Series wp-2012-072, World Institute for Development Economic Research (UNU-WIDER).
    6. repec:unu:wpaper:wp2012-072 is not listed on IDEAS
    7. Mattoo, Aaditya & Subramanian, Arvind, 2012. "Equity in Climate Change: An Analytical Review," World Development, Elsevier, vol. 40(6), pages 1083-1097.
    8. Todd A. Eisenstadt & Ifeoluwa Olawole & Michael A. Toman, 2021. "Climate Adaptation Finance in World Bank Economic Development Programs: The Challenges of Systemic Transformation via “Scaling Up”," Sustainability, MDPI, vol. 13(19), pages 1-14, September.
    9. Nilsson, Måns & Persson, Åsa, 2012. "Can Earth system interactions be governed? Governance functions for linking climate change mitigation with land use, freshwater and biodiversity protection," Ecological Economics, Elsevier, vol. 75(C), pages 61-71.
    10. Johannes Urpelainen, 2013. "A model of dynamic climate governance: dream big, win small," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 13(2), pages 107-125, May.
    11. World Bank & United Nations, 2010. "Natural Hazards, UnNatural Disasters : The Economics of Effective Prevention," World Bank Publications - Books, The World Bank Group, number 2512.
    12. Nilsson, Måns & Persson, Åsa, 2012. "Reprint of “Can Earth system interactions be governed? Governance functions for linking climate change mitigation with land use, freshwater and biodiversity protection”," Ecological Economics, Elsevier, vol. 81(C), pages 10-20.
    13. Michael Mehling, 2012. "Alternative Frameworks for International Climate Cooperation: Towards a Systematic Assessment Matrix," WIFO Studies, WIFO, number 44538.
    14. Jingjing He & Yongfu Huang & Finn Tarp, 2014. "Has the Clean Development Mechanism assisted sustainable development?," Natural Resources Forum, Blackwell Publishing, vol. 0(4), pages 248-260, November.
    15. Jingjing He & Yongfu Huang & Finn Tarp, 2014. "Has the Clean Development Mechanism assisted sustainable development?," Natural Resources Forum, Blackwell Publishing, vol. 38(4), pages 248-260, November.
    16. William R. Moomaw & Rishikesh Ram Bhandary & Laura Kuhl & Patrick Verkooijen, 2017. "Sustainable Development Diplomacy: Diagnostics for the Negotiation and Implementation of Sustainable Development," Global Policy, London School of Economics and Political Science, vol. 8(1), pages 73-81, February.
    17. Kemp, Luke, 2015. "A climate treaty without the US Congress: Using executive powers to overcome the ‘Ratification Straitjacket’," Working Papers 249518, Australian National University, Centre for Climate Economics & Policy.

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