Global carbon pricing : the path to climate cooperation / edited by Peter Cramton, David JC MacKay, Axel Ockenfels, and Steven Stoft.

Format
Book
Language
English
Published/​Created
Cambridge, MA : MIT Press, [2017]
Description
xv, 252 pages : illustrations ; 24 cm

Availability

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    Subject(s)
    Editor
    Summary note
    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. -- Provided by publisher.
    Bibliographic references
    Includes bibliographical references and index.
    Contents
    • Preface
    • Introductory chapters
    • Why Paris did not solve the climate dilemma / Richard Cooper, Peter Cramton, StÃphane Dion, Ottmar Edenhofer, Christian Gollier, Ãloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph Stiglitz, Steven Stoft, Jean Tirole and Martin L. Weitzman
    • Price carbon : I will if you will / David MacKay, Peter Cramton, Axel Ockenfels and Steven Stoft
    • Reflections on the international coordination of carbon pricing / Ian Parry
    • Perspectives on cooperation and global carbon pricing
    • Global carbon pricing / Peter Cramton, Axel Ockenfels and Steven Stoft
    • The case for pricing greenhouse gas emissions / Richard N. Cooper
    • Overcoming the Copenhagen failure with flexible commitments / Joseph E. Stiglitz
    • Climate clubs and carbon pricing / William Nordhaus
    • How a minimum carbon price commitment might help to internalize the global : warming externality / Martin L. Weitzman
    • Climate policy at an impasse / Ottmar Edenhofer and Axel Ockenfels
    • Effective institutions against climate change / Christian Gollier and Jean Tirole
    • Climate action beyond the Paris Accord / StÃphane Dion and Ãloi Laurent
    • An international carbon-price commitment promotes cooperation / Peter Cramton, Axel Ockenfels and Steven Stoft.
    ISBN
    • 9780262036269 ((hardcover ; : alk. paper))
    • 0262036266 ((hardcover ; : alk. paper))
    LCCN
    2016045856
    OCLC
    959263265
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