ARCHITECTURES FOR AGREEMENT: ADDRESSING GLOBAL CLIMATE CHANGE IN THE POST-KYOTO WORLD; ED. BY JOSEPH E. ALDY

With increasing greenhouse gas emissions, we are embarked on an unprecedented experiment with an uncertain outcome for the future of the planet. The Kyoto Protocol serves as an initial step through 2012 to mitigate the threats posed by global climate change. A second step is needed, and policy-makers, scholars, business people, and environmentalists have begun debating the structure of the successor to the Kyoto agreement. Written by a team of leading scholars in economics, law, and international relations, this book contributes to this debate by examining the merits of six alternative international architectures for global climate policy. Architectures for Agreement offers the reader a uniquely wide-ranging menu of options for post-Kyoto climate policy, with a concern throughout to learn from past experience in order to maximize opportunities for future success in the real, 'second-best' world. It will be an essential reference for scholars, policy-makers, and students interested in climate policy. Presents A Range Of Options For International Climate Policy. Highly Topical Analysis Of The Debate Over Possible Successors To The Kyoto Agreement. Foreword / Lawrence Summers -- 1. Introduction : International Policy Architecture For Global Climate Change / Joseph E. Aldy And Robert N. Stavins -- Part I Targets And Timetables -- 2. Formulas For Quantitative Emission Targets / Jeffrey Frankel -- Commentaries On Frankel. -- 2.1 Targets And Timetables : Good Policy But Bad Politics? / Daniel Bodansky -- 2.2 Incentives And Meta-architecture / Jonathan B. Wiener -- 3. Graduation And Deepening / Axel Michaelowa -- Commentaries On Michaelowa -- 3.1 Alternatives To Kyoto : The Case For A Carbon Tax / Richard N. Cooper -- 3.2 Beyond Graduation And Deepening : Toward Cosmopolitan Scholarship / Joyeeta Gupta -- Part Ii Harmonized Domestic Actions -- 4. Fragmented Carbon Markets And Reluctant Nations : Implications For The Design Of Effective Architectures / David G. Victor -- Commentaries On Victor -- 4.1 Incentives And Institutions : A Bottom-up Approach To Climate Policy / Carlo Carraro -- 4.2 The Whole And The Sum Of Its Parts / Sheila M. Olmstead -- 5. A Credible Foundation For Long-term International Cooperation On Climate Change / Warwick J. Mckibbin And Peter J. Wilcoxen -- Commentaries On Mckibbin And Wilcoxen -- 5.1 The Case For Greater Flexibility In An International Climate Change Agreement / Richard D. Morgenstern -- 5.2 Using The Development Agenda To Build Climate Mitigation Support / Jonathan Pershing -- Part Iii Coordinated And Unilateral Policies -- 6. A Multitrack Climate Treaty System / Scott Barrett -- Commentaries On Barrett -- 6.1 Beyond Kyoto : Learning From The Montreal Protocol / Daniel C. Esty -- 6.2 Climate Favela / Henry D. Jacoby -- 7. Practical Global Climate Policy / William A. Pizer -- Commentaries On Pizer -- 7.1 Is Practical Global Development Policy Sufficient? / James K. Hammitt -- 7.2 An Auction Mechanism In A Climate Policy Architecture / Juan-pablo Montero -- Part Iv Synthesis And Conclusion -- 8. Epilogue : Architectures For Agreement / Thomas Schelling -- 9. Architectures For An International Global Climate Change Agreement : Lessons For The Policy Community / Joseph E. Aldy And Robert N. Stavins. Edited By Joseph E. Aldy And Robert N. Stavins. Includes Bibliographical References And Index. Contents......Page 8 Figures......Page 11 Tables......Page 12 Contributors......Page 13 Foreword......Page 19 1 Introduction: International policy architecture for global climate change......Page 30 Part I: Targets and timetables......Page 58 2 Formulas for quantitative emission targets......Page 60 3 Graduation and Deepening......Page 110 Part II: Harmonized domestic actions......Page 160 4 Fragmented carbon markets and reluctant nations: implications for the design of effective architectures......Page 162 5 A credible foundation for longterm international cooperation on climate change......Page 214 Part III: Coordinated and unilateral policies......Page 264 6 A multitrack climate treaty system......Page 266 7 Practical global climate policy......Page 309 Part IV: Synthesis and conclusion......Page 370 8 Epilogue: Architectures for agreement......Page 372 9 Architectures for an international global climate change agreement: lessons for the international policy community......Page 379 Glossary and abbreviations......Page 397 Index......Page 403 With increasing greenhouse gas emissions, we are embarked on an unprecedented experiment with an uncertain outcome for the future of the planet. The Kyoto Protocol serves as an initial step through 2012 to mitigate the threats posed by global climate change but policy-makers, scholars, businessmen, and environmentalists have begun debating the structure of the successor to the Kyoto agreement. Written by a team of leading scholars in economics, law and international relations, this book contributes to this debate by examining the merits of six alternative international architectures for climate policy.