Common Tragedies

Thoughts on Environmental Economics

Good news for people who love Bali news

Posted by Daniel Hall on December 7, 2007

More than 110 countries in the world now have higher per capita incomes than the poorest country that agreed to join Annex I in the Framework Convention in 1990 (when the FCCC negotiation process began).

That’s an incredible testament to the success of the global economic system over the last 15+ years.  But it’s pretty easy to remain skeptical that this will translate into more countries taking on emissions reduction targets.

The source is Joe Aldy over at the ClimatePolicy blog.  He suggests that in response to this reality the successor to Kyoto should include a “variable geometry” of commitments.  He also argues that a successor agreement should provide better incentives for participation and compliance, and should not focus solely on emissions mitigation but should also facilitate adaptation.

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