- Elgar original reference
Edited by Roger Fouquet
Chapter 15: Designing a Bretton Woods institution to address global climate change
Mitigating climate change risks will require some form of global effort to limit emissions, adapt to a changing climate, and geo-engineer the global climate system. These three policy approaches – prevention, adaptation and remediation – involve, to varying degrees, little incentive to account for the external impacts of decision-making by individuals, firms and nation-states. Thus a ‘successful’ international climate policy architecture, at a minimum, will need to promote collaboration among nation-states that results in sovereign policies and actions to reduce climate change risks by modifying individuals’ and firms’ incentives. Successful collaboration requires more than a simple, initial agreement. The dynamics of learning about climate change and learning about the effectiveness of various risk mitigation measures will necessitate a number of rounds of collaboration among nations. Given the strong incentives for free-riding, what are the characteristics of an international climate policy architecture that could enable repeated collaboration in climate change risk reduction efforts?
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.