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dc.contributor.editorCramton, Peter
dc.contributor.editorMacKay, David JC
dc.contributor.editorOckenfels, Axel
dc.contributor.editorStoft, Steven
dc.date.accessioned2022-02-21T15:11:15Z
dc.date.available2022-02-21T15:11:15Z
dc.date.issued2017
dc.identifierONIX_20220221_9780262340380_64
dc.identifier.urihttps://directory.doabooks.org/handle/20.500.12854/78544
dc.description.abstractWhy 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
dc.languageEnglish
dc.relation.ispartofseriesThe MIT Press
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCN Environmental economics
dc.subject.otheremissions
dc.subject.otherclean air
dc.subject.otherclimate change
dc.subject.otherenvironmental economics
dc.subject.otherCO2
dc.subject.othergreenhouse gases
dc.subject.otherParis Agreement
dc.subject.otherfree rider problem
dc.titleGlobal Carbon Pricing
dc.title.alternativeThe Path to Climate Cooperation
dc.typebook
oapen.identifier.doi10.7551/mitpress/10914.001.0001
oapen.relation.isPublishedByae0cf962-f685-4933-93d1-916defa5123d
oapen.relation.isbn9780262340380
oapen.relation.isbn9780262036269
oapen.imprintThe MIT Press
oapen.pages268
oapen.place.publicationCambridge


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