Pay less, get less: An economic assessment of post-2012 climate policy proposals

Pay less, get less: An economic assessment of post-2012 climate policy proposals
Valentina Bosetti Carlo Carraro Alessandra Sgobbi Massimo Tavoni
6 December 2008
Policymakers need to agree to the post-Kyoto climate architecture soon to implement it in 2012. Using a set of quantitative indicators, this column assesses a number of proposed international climate policy architectures and evaluates their economic efficiency, environmental effectiveness, distributional implications, and enforceability. Unfortunately, the most effective policies are the most costly and hardest to enforce.