Trade-offs and performances of a range of alternative global climate architectures for post-2012

Quantitative assessments help to highlight the main features of climate policies by better identifying their strengths and weaknesses. In this study, we develop a grading system for assessing thirteen proposals for post-2012 climate policy. We believe that these proposals contain appropriate policy instruments which will be considered for discussions about how to design the post-2012 climate agreement. Our grades are based on four criteria: environmental effectiveness, cost effectiveness, distributional considerations and institutional feasibility. We analyze the grades with two complementary methods: principal component and cluster analysis. Our results entail three policy implications. Firstly, the higher the number of policy instruments a proposal comprises, the more difficult might be its implementation. Secondly, proposals which include a meaningful effort by the U.S. tend to fail in environmental effectiveness and institutional feasibility. Thirdly, we identify that the ‘‘first best’’ and the ‘‘second best’’ approaches belong to a stable policy group, and both may be considered as suitable candidates for post-2012 climate policy.


Published in:
Environmental Science & Policy, 13, 1, 63-71
Year:
2010
Publisher:
Elsevier
ISSN:
1462-9011
Keywords:
Laboratories:


Note: The status of this file is: Involved Laboratories Only


 Record created 2010-02-08, last modified 2018-01-28

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