Thirteen plus one: A comparison of global climate policy architectures

149Citations
Citations of this article
149Readers
Mendeley users who have this article in their library.
Get full text

Abstract

We critically review the Kyoto Protocol and thirteen alternative policy architectures for addressing the threat of global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency, cost-effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance. The Kyoto Protocol does not fare well on a number of criteria, but none of the alternative proposals fare well along all six dimensions. We identify several major themes among the alternative proposals: Kyoto is "too little, too fast"; developing countries (DCs) should play a more substantial role and receive incentives to participate; implementation should focus on market-based approaches, especially those with price mechanisms; and participation and compliance incentives are inadequately addressed by most proposals. Our investigation reveals tensions among several of the evaluative criteria, such as between environmental outcome and efficiency, and between cost-effectiveness and incentives for participation and compliance. © 2003 Elsevier Ltd. All rights reserved.

Cite

CITATION STYLE

APA

Aldy, J. E., Barrett, S., & Stavins, R. N. (2003). Thirteen plus one: A comparison of global climate policy architectures. Climate Policy, 3(4), 373–397. https://doi.org/10.1016/j.clipol.2003.09.004

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free