List of Abbreviations viii
Acknowledgements x
Foreword xi
Introduction 1
Scott Barrett, Carlo Carraro and Jaime de Melo
PART I: The Challenge
Implications of climate science for negotiators 31
Thomas F. Stocker
Beyond the 2°C limit: Facing the economic and institutional challenges 49
Ottmar Edenhofer, Susanne Kadner, Christoph von Stechow and Jan Minx
The state of climate negotiations 69
Brian P. Flannery
PART II: Views from Different Parts of the World
A view from Africa 85
Alemu Mekonnen
A view from China 99
Teng Fei
A view from India 107
E. Somanathan
The view from different parts of the world: A view from Japan 115
Mitsutsune Yamaguchi and Keigo Akimoto
A view from Europe 131
Roger Guesnerie
A view from the United States 143
Matthew J. Kotchen
PART III: Architecture and Governance
Legally binding versus non-legally binding instruments 155
Daniel Bodansky
Comparing emission mitigation pledges: Metrics and institutions 167
Joseph E. Aldy and William A. Pizer
Towards an effective system of monitoring, reporting, and verification 183
Jonathan B. Wiener
After the failure of top-down mandates: The role of experimental governance in climate change policy 201
Robert O. Keohane and David G. Victor
A building blocks strategy for global climate change 213
Richard B. Stewart, Michael Oppenheimer and Bryce Rudyk
Climate change policies and the WTO: Greening the GATT, revisited 225
Petros C. Mavroidis and Jaime de Melo
PART IV: Policy Options
The regulatory approach in US climate mitigation policy 239
Dallas Burtraw
Pricing carbon: The challenges 251
Thomas Sterner and Gunnar Köhlin
Taxing carbon: Current state of play and prospects for future developments 267
Xueman Wang and Maja Murisic
Linkage of regional, national, and sub-national policies in a future international climate agreement 283
Robert N. Stavins
Options for avoiding carbon leakage 297
Carolyn Fischer
PART V: Technology Options
International cooperation in advancing energy technologies for deep decarbonisation 315
Michael Toman
The role of renewables in the pathway towards decarbonisation 327
Valentina Bosetti
Carbon capture and storage: Promise or delusion? 343
Massimo Tavoni
The alternatives to unconstrained climate change: Emission reductions versus carbon and solar geoengineering 353
Scott Barrett and Juan Moreno-Cruz
PART VI: Burden Sharing and Development
Poverty and climate change: Natural disasters, agricultural impacts and health shocks 369
Stephane Hallegatte, Mook Bangalore, Laura Bonzanigo, Marianne Fay, Tamaro Kane, Ulf Narloch, Julie Rozenberg, David Treguer and Adrien Vogt-Schilb
Policy options in low-income countries: Achieving socially appropriate climate change response objectives 391
Alice Akinyi Kaudia
REDD+: What should come next? 405
Arild Angelsen
Curbing carbon without curbing development 423
Paul Collier
Towards resilient and low-carbon cities 435
Anthony G. Bigio
Meaningful technology development and transfer: A necessary condition for a viable climate regime 451
Heleen de Coninck and Shikha Bhasin
PART VII: Climate Finance
The macroeconomics of climate policy: Investments and financial flows 467
Emanuele Massetti
Pros and cons of alternative sources of climate change financing and prospects for ‘unconventional finance’ 483
Barbara Buchner and Jane Wilkinson
Harnessing the animal spirits of finance for a low-carbon transition 497
Jean-Charles Hourcade
Measuring vulnerability to climate change for allocating funds to adaptation 515
Patrick Guillaumont