Negotiating effective institutions against climate change
Open accessAbstract
In environmental matters, the free riding generated by the lack of collective action is aggravated by concerns about leakages and by the desire to receive compensation in future negotiations. The dominant “pledge-and-review” approach to mitigation will deliver appealing promises and renewed victory statements, only to prolong the waiting game. The climate change global commons problem will be solved only through coherent carbon pricing. We discuss the roadmap for the negotiation process. Negotiators must return to the fundamentals: the need for uniform carbon pricing across countries, for verification, and for a governance process to which countries would commit. Each country would enjoy subsidiarity in its allocation of efforts within the country. We suggest an enforcement scheme based on financial and trade penalties to induce all countries to participate and comply with the agreement. Finally, the choice among economic approaches, whether a carbon price commitment or a cap-andtrade, is subject to trade-offs, on which alternative reasonable views may co-exist. We discuss monitoring reasons for why we personally favor an international cap-and-trade agreement.
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Stua, M. (2017) · Springer eBooks · doi:10.1007/978-3-319-54699-5_9
The Paris Agreement and the "free rider"
de Perthuis, C. (2017) · ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT · doi:10.3280/efe2016-003003
Jean Tirole: Mathematician-Economist-Humanist
Mierzwa, Z. (2019) · Finance: Theory and Practice · doi:10.26794/2587-5671-2018-23-1-13-26
The Climate-Change Tent and the Trade Cathedral
Panezi, M. (2018) · Cambridge University Press eBooks · doi:10.1017/9781108526081.014
Strategic Framework for Dealing with the Potential Impacts of a Low-Carbon Transition
Peszko, G., van der Mensbrugghe, D. Y., Golub, A., Ward, J. R., Zenghelis, D. A., Marijs, C., Schopp, A., Rogers, J. A., & Midgley, A. (2020) · World Bank, Washington, DC eBooks · doi:10.1596/978-1-4648-1340-5_ch4
Peszko, G., van der Mensbrugghe, D. Y., Golub, A., Ward, J. R., Zenghelis, D. A., Marijs, C., Schopp, A., Rogers, J. A., & Midgley, A. (2020) · World Bank, Washington, DC eBooks · doi:10.1596/978-1-4648-1340-5_ch6
Challenges, Risks, and Opportunities of a Low-Carbon Transition
Peszko, G., van der Mensbrugghe, D. Y., Golub, A., Ward, J. R., Zenghelis, D. A., Marijs, C., Schopp, A., Rogers, J. A., & Midgley, A. (2020) · World Bank, Washington, DC eBooks · doi:10.1596/978-1-4648-1340-5_ch2
Climate Change and Finance in Africa: Some Theoretical and Practical Justifications
Paseda, O. A., Owolabi, J., & Okanya, O. C. (2020) · Research Journal of Finance and Accounting · doi:10.7176/rjfa/11-16-18
Carbon Pricing, Technology Transition, and Skill-Based DevelopmentPreprint
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- Authors
- Gollier, C., & Tirole, J.
- ORCID
- Gollier, Christian
- Venue
- Economics of Energy & Environmental Policy
- Published
- 2015-04-01
- Volume
- 4
- Issue
- 2
- ISSN
- 2160-5882 (ISSN-L)
- OpenAlex
- W2225701017
- Cited by
- 116
- References
- 34
- Citations by year
- 2026: 2 · 2025: 7 · 2024: 6 · 2023: 11 · 2022: 10 · 2021: 14 · 2020: 16 · 2019: 10 · 2018: 9 · 2017: 8 · 2016: 16 · 2015: 7
- FWCI
- 32.20
- Type
- journal article
- Language
- en
- Open access
- hybrid
- doi.org
- Licence
- cc-by
- Locations
- Economics of Energy and Environmental Policy (publishedVersion, cc-by)
- Toulouse Capitole Publications (University Toulouse 1 Capitole) (acceptedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Climate Change Policy and Economics
- Physical Sciences › Environmental Science › Management, Monitoring, Policy and Law › International Environmental Law and Policies
- Physical Sciences › Environmental Science › Global and Planetary Change › Climate Change and Geoengineering
- Keywords
- climate change negotiations, carbon pricing, emissions trading, free-riding, collective action, leakage, global commons, enforcement mechanisms, international climate agreements, subsidiarity
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