Barrett, ScottToman, Michael2014-09-022014-09-022010-01https://hdl.handle.net/10986/19953This paper explores two different conceptions of how an emerging climate regime might evolve to strengthen incentives for more vigorous cooperation in mitigating global climate change. One is the paradigm that has figured most prominently in negotiations to this point: the establishment of targets and timetables for countries to limit their aggregate greenhouse gas emissions. The other approach consists of a variety of loosely coordinated smaller scale agreements, each one of which addresses a different aspect of the challenge, and is enforced in its own way. The primary conclusion is that an agreement of the first type may be more cost-effective, but that a system of agreements of the second type would likely sustain more abatement overall.en-USCC BY 3.0 IGOABATEMENTACIDACID PRODUCTIONAFFORESTATIONAIRAIRCRAFTALLOCATIONALLOCATION OF ALLOWANCESALLOWANCEALLOWANCE ALLOCATIONALLOWANCE ALLOCATIONSALLOWANCE TRADINGALUMINUMAMMONIAATMOSPHERECAPITAL COSTSCAPITAL STOCKSCAPSCARBONCARBON CAPTURECARBON EMISSIONCARBON EMISSIONSCARBON INTENSITYCFCCH4CLEAN DEVELOPMENT MECHANISMCLEAN ENERGYCLIMATECLIMATE CHANGE CATASTROPHESCLIMATE POLICYCLIMATE SYSTEMCOCO2COMPLIANCE COSTSCONCENTRATION TARGETCOST EFFECTIVENESSCOSTS OF ABATEMENTDAMAGESDEFORESTATIONDEVELOPED COUNTRIESDIFFUSIONDISCOUNT RATEDOMESTIC EMISSIONSECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC IMPACTSECONOMIES OF SCALEECOSYSTEMELECTRIC POWERELECTRICITYELECTRICITY GENERATIONELECTRICITY SECTOREMISSIONEMISSION ALLOWANCESEMISSION CONTROLEMISSION QUOTASEMISSION REDUCTIONEMISSION REDUCTION TARGETSEMISSION REDUCTIONSEMISSION TARGETSEMISSIONS ALLOWANCESEMISSIONS INTENSITYEMISSIONS LEVELSEMISSIONS LIMITSEMISSIONS OF METHANEEMISSIONS REDUCTIONEMISSIONS REDUCTIONSENERGY EFFICIENCYENERGY POLICYENERGY USEENTITLEMENTSENVIRONMENTALENVIRONMENTAL ECONOMICSENVIRONMENTAL POLICYENVIRONMENTAL PROTECTIONENVIRONMENTAL PROTECTION AGENCYEXTERNALITIESEXTREME WEATHEREXTREME WEATHER EVENTSFEASIBILITYFINANCIAL ASSISTANCEFINANCIAL RESOURCESFINANCIAL SUPPORTFINANCIAL TRANSFERSFORESTFOREST COVERFOREST COVER CHANGEFOREST PROTECTIONFORESTRYFOSSIL FUELFOSSIL FUELSFRAMEWORK CONVENTION ON CLIMATE CHANGEFUEL EFFICIENCYFUEL STANDARDSGHGGHGSGLOBAL CARBON MARKETGLOBAL CLIMATE CHANGEGLOBAL EMISSIONSGLOBAL WARMINGGLOBAL WARMING TREATYGREENHOUSEGREENHOUSE GASGREENHOUSE GAS EMISSIONSGREENHOUSE GASESHFCHFCSHYDROFLUOROCARBONSHYDROGENINCOMEINDUSTRIAL GASESINSURANCEINTERNATIONAL AIR TRAVELINTERNATIONAL AVIATIONINTERNATIONAL EMISSIONSINTERNATIONAL TRADINGIPCCLAND USELAND USE CHANGELANDFILLSMAGNESIUMMARGINAL COSTSMARINE TRANSPORTMARITIME TRANSPORTMETHANEMONTREALMONTREAL PROTOCOLMONTREAL PROTOCOL ON SUBSTANCES THAT DEPLETE THE OZONE LAYERN2ONATIONAL EMISSIONNATIONAL EMISSION REDUCTIONNATIONAL EMISSIONSNITROUS OXIDENYLONOILOZONEOZONE DEPLETIONPERFORMANCE STANDARDPERFORMANCE STANDARDSPETROCHEMICALSPFCSPOLICY IMPLICATIONSPOLITICAL ECONOMYPOLLUTIONPORTFOLIOPPPRICE SIGNALPUBLIC ECONOMICSPUBLIC GOODRAINFALLREDUCING EMISSIONSRENEWABLE ENERGYRESOURCE ALLOCATIONSRESOURCE ECONOMICSRIDERRISKS OF CLIMATE CHANGEROADROAD TRANSPORTSAFETYSF6SHADOW PRICESIDE PAYMENTSSTABILIZATIONSTRATOSPHERESTRATOSPHERIC OZONESULFURSULFUR HEXAFLUORIDESUSTAINABLE DEVELOPMENTTEMPERATURETEMPERATURE CHANGETOTAL EMISSIONSTRANSACTIONS COSTSTRANSPARENCYTRANSPORT SECTORTRANSPORTATIONVEHICLEVEHICLESWASTEWATER TREATMENT10.1596/1813-9450-5164