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来源类型Working Paper
规范类型报告
DOI10.3386/w18140
来源IDWorking Paper 18140
Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems
Matthew Ranson; Robert N. Stavins
发表日期2012-06-15
出版年2012
语种英语
摘要The outcome of the December 2011 United Nations climate negotiations in Durban, South Africa, provides an important new opportunity to move toward an international climate policy architecture that is capable of delivering broad international participation and significant global CO2 emissions reductions at reasonable cost. We evaluate one important component of potential climate policy architecture for the post-Durban era: links among independent tradable permit systems for greenhouse gases. Because linkage reduces the cost of achieving given targets, there is tremendous pressure to link existing and planned cap-and-trade systems, and in fact, a number of links already or will soon exist. We draw on recent political and economic experience with linkage to evaluate potential roles that linkage may play in post-Durban international climate policy, both in a near-term, de facto architecture of indirect links between regional, national, and sub-national cap-and-trade systems, and in longer-term, more comprehensive bottom-up architecture of direct links. Although linkage will certainly help to reduce long-term abatement costs, it may also serve as an effective mechanism for building institutional and political structure to support a future climate agreement.
主题Environmental and Resource Economics ; Renewable Resources ; Energy ; Environment
URLhttps://www.nber.org/papers/w18140
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/575816
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Matthew Ranson,Robert N. Stavins. Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems. 2012.
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