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A Proposal to Integrate Price Mechanisms into International Climate Negotiations

Morris, Adele; Wilcoxen, Peter; McKibbin, Warwick


The Parties to the United Nations Framework Convention on Climate Change continue their efforts to forge a new binding international agreement by 2015. This article proposes to adapt international negotiations to allow for hybrid price and quantity-based commitments. The economic risks surrounding target-only commitments—the current approach—are enormous. Combining a clear cumulative emissions target with price-based limits on the cost associated with achieving that target would reduce those...[Show more]

CollectionsANU Research Publications
Date published: 2014
Type: Journal article
Source: Asia & The Pacific Policy Studies
DOI: 10.1002/app5.55
Access Rights: Open Access


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