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.
- URL: http://www.sciencedirect.com/science?_ob=ArticleURL&_udi=B6VP6-4XNVTJ7-1&_user=164550&_coverDate=02%2F28%2F2010&_rdoc=1&_fmt=high&_orig=search&_sort=d&_docanchor=&view=c&_acct=C000013218&_version=1&_urlVersion=0&_userid=164550&md5=6b0de150ec20f274679b83b2
Record created on 2010-02-08, modified on 2016-08-08