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Some Political Economy of Global Warming

Abstract:
After recent disillusions, international climate change negotiations need to be jumpstarted. This paper first argues that countries’ strategic positioning will increase the cost of delay beyond that associated with the classic free-riding problem. It then investigates the governance of an agreement and the design of negotiation and compensation, emphasizing political economy considerations. The paper concludes with a possible roadmap for future negotiations.
Download PDF Download EbookKeywords: Global warming, International negotiations, Institutions, Compensation

DOI: 10.5547/2160-5890.1.1.10


Published in Volume 1, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.