"Three Key Elements of Post-2012 International Climate Policy Architecture"
Authors: Sheila M. Olmstead, Former Research Fellow, Environment and Natural Resources Program, 2001–2002, Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
Belfer Center Programs or Projects: Harvard Project on Climate Agreements
We describe three essential elements of an effective post-2012 international global climate policy architecture: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ways; an emphasis on an extended time path of targets; and inclusion of flexible market-based policy instruments to keep costs down and facilitate international equity. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change; addresses specific shortcomings of the Kyoto Protocol; and builds upon the foundation of the United Nations Framework Convention on Climate Change.
Sheila M. Olmstead, School of Forestry and Environmental Studies, Yale University; Robert N. Stavins, Harvard Kennedy School, Harvard University.
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