Download PDF by Peter Cramton,David JC MacKay,Axel Ockenfels,Steven Stoft: Global Carbon Pricing: The Path to Climate Cooperation (MIT

By Peter Cramton,David JC MacKay,Axel Ockenfels,Steven Stoft

After twenty-five years of failure, weather negotiations proceed to take advantage of a "pledge and evaluation" method: nations pledge (almost anything), topic to (unenforced) assessment. This method ignores every little thing we all know approximately human cooperation. during this publication, major economists describe an alternative version for weather agreements, drawing at the paintings of the past due Nobel laureate Elinor Ostrom and others. They express "common dedication" scheme is more beneficial than an "individual dedication" scheme; the latter relies on altruism whereas the previous includes reciprocity ("we will if you happen to will").The participants suggest that international carbon pricing is the simplest candidate for a reciprocal universal dedication in weather negotiations. each one nation might decide to putting fees on carbon emissions enough to compare an agreed international fee formulation. The participants exhibit that carbon pricing might facilitate negotiations and enforcement, enhance potency and suppleness, and make different weather rules more suitable. also, they examine the flaws of the 2015 Paris weather conference.ContributorsRichard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier, Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels, Joseph E. Stiglitz, Steven Stoft, Jean Tirole, Martin L. Weitzman

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Peter Cramton,David JC MacKay,Axel Ockenfels,Steven Stoft's Global Carbon Pricing: The Path to Climate Cooperation (MIT PDF

After twenty-five years of failure, weather negotiations proceed to exploit a "pledge and overview" process: international locations pledge (almost anything), topic to (unenforced) overview. This strategy ignores every little thing we all know approximately human cooperation. during this e-book, best economists describe an alternative version for weather agreements, drawing at the paintings of the overdue Nobel laureate Elinor Ostrom and others.

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Global Carbon Pricing: The Path to Climate Cooperation (MIT Press) by Peter Cramton,David JC MacKay,Axel Ockenfels,Steven Stoft


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