296 pages, 18 figures, 14 tables
There is widespread agreement that climate change is a serious problem. If we fail to regulate greenhouse gases that contribute to global warming, or use alternative strategies for addressing the problem, the damages could be significant, and perhaps catastrophic. After several international meetings in which nation-states have tried unsuccessfully to address the climate change problem, there is a sense of frustration and urgency: frustration at the slow pace at which countries are moving toward an international agreement to reduce greenhouse gas emissions; urgency because of the growing evidence that climate change is a serious problem that should be addressed globally and quickly.
This book takes a close look at the fundamental political and economic processes driving climate change policy. It identifies institutional arrangements and policies that are needed to design more effective climate change policy. It also examines ethical and distributional arguments that are critical in understanding and framing the climate debate. The book is built around a conference honouring Tom Schelling that took place at the Sustainable Consumption Institute at The University of Manchester. Each chapter represents a significant contribution to the literature on the political economy of climate change.
INTRODUCTION AND OVERVIEW; 1. Thinking through the Climate Change Challenge; PART I: GETTING NATIONS TO WORK TOGETHER; 2. Norms, Conventions, and Institutions to Cope with Climate Change; 3. Credible Commitments, Focal Points, and Tipping: The Strategy of Climate Treaty Design; 4. Tipping Climate Negotiations; 5. Bridging Reality and the Theory of International Environmental Agreements; 6. The Cost of Ambiguity and Robustness in International Pollution Control; PART II: ETHICAL AND DISTRIBUTIONAL CONCERNS; 7. Time and the Generations; 8. Discounting While Treating Generations Equally; 9. Emerging Markets and Climate Change: Mexican Standoff or Low-carbon Race?; PART III: APPROACHES TO DESIGNING MORE EFFICIENT POLICIES; 10. Moving US Climate Policy Forward: Are Carbon Taxes the Only Good Alternative?; 11. Carbon Taxes and the Green Paradox; 12. Derivative Markets for Pollution Permits and Incentives to Innovate; 13. Development and Climate Adaptation; 14. Schelling's Conjecture on Climate and Development: A Test
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