Four Proposals for the Next Climate Agreement.
Four proposals will increase the chance of success of current climate negotiations, and the likelihood that the resulting treaty will be effective. The treaty should: (i) include an escape clause that puts a ceiling on membership costs, (ii) constitute a Carbon Bank that has the tools to maintain carbon prices above a floor and below a ceiling, (iii) include modest trade provisions, and (iv) promote the participation of developing countries, while recognizing that they are entitled to special status at least during the next decade.
climate treaty, carbon bank, global policy
Karp, Larry. 2009. "Four Proposals for the Next Climate Agreement." ARE Update 13(1): 9-11. University of California Giannini Foundation of Agricultural Economics.