Thirteen plus one: a comparison of global climate policy architectures

  title={Thirteen plus one: a comparison of global climate policy architectures},
  author={Joseph E. Aldy and S. Barrett and R. N. Stavins},
  journal={Climate Policy},
  pages={373 - 397}
  • Joseph E. Aldy, S. Barrett, R. N. Stavins
  • Published 2003
  • Climate Policy
  • Abstract We critically review the Kyoto Protocol and thirteen alternative policy architectures for addressing the threat of global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency, cost-effectiveness, equity, flexibility in the presence of new information, and incentives for participation and compliance. The Kyoto Protocol does not fare well on a number of criteria, but none of the alternative proposals fare well along all six… CONTINUE READING
    2 Citations


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