Global Carbon Pricing [electronic resource] : The Path to Climate Cooperation / edited by Peter Cramton, David JC MacKay, Axel Ockenfels, and Steven Stoft.
2017
HJ5316 .G56 2017
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Details
Title
Global Carbon Pricing [electronic resource] : The Path to Climate Cooperation / edited by Peter Cramton, David JC MacKay, Axel Ockenfels, and Steven Stoft.
ISBN
9780262340380
0262340380
9780262036269 (hardcover : alk. paper)
0262340380
9780262036269 (hardcover : alk. paper)
Publication Details
Cambridge, MA : MIT Press, [2017] (Baltimore, Md. : Project MUSE, 2015)
Language
English
Description
1 online resource (xv, 252 pages :) illustrations
Call Number
HJ5316 .G56 2017
Dewey Decimal Classification
363.738/746
Summary
Why 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.ContributorsRichard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Eloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman
Source of Description
OCLC-licensed vendor bibliographic record.
Added Corporate Author
Project Muse.
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