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By:Peter Cramton,David JC MacKay,Axel Ockenfels,Steven Stoft
Published on 2017-06-16 by MIT Press

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Why the traditional “pledge and review” climate agreements have failed, and how carbon pricing, based on trust and reciprocity, could succeed. After twenty-five years of failure, climate negotiations continue to use a “pledge and review” approach: countries pledge (almost anything), subject to (unenforced) review. This approach ignores everything we know about human cooperation. In this book, leading economists describe an alternate model for climate agreements, drawing on the work of the late Nobel laureate Elinor Ostrom and others. They show that a “common commitment” scheme is more effective than an “individual commitment” scheme; the latter depends on altruism while the former involves reciprocity (“we will if you will”). The contributors propose that global carbon pricing is the best candidate for a reciprocal common commitment in climate negotiations. Each country would commit to placing charges on carbon emissions sufficient to match an agreed global price formula. The contributors show that carbon pricing would facilitate negotiations and enforcement, improve efficiency and flexibility, and make other climate policies more effective. Additionally, they analyze the failings of the 2015 Paris climate conference. Contributors Richard 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

This Book was ranked at 12 by Google Books for keyword Environmental Economics.

Book ID of Global Carbon Pricing's Books is ed0nDwAAQBAJ, Book which was written byPeter Cramton,David JC MacKay,Axel Ockenfels,Steven Stofthave ETAG "HGYdvvRySow"

Book which was published by MIT Press since 2017-06-16 have ISBNs, ISBN 13 Code is 9780262340397 and ISBN 10 Code is 0262340399

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Book which have "268 Pages" is Printed at BOOK under CategoryBusiness and Economics

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