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Global Carbon Pricing: The Path to Climate Cooperation

By Peter Cramton (Editor), David JC MacKay (Editor), Axel Ockenfels (Editor), Steven Stoft (Editor)
eBook
$21.99
By Peter Cramton (Editor), David JC MacKay (Editor), Axel Ockenfels (Editor), Steven Stoft (Editor)
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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 la...

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