Beleaguered by mutual recrimination between rich and poor
countries, squeezed by the zero-sum arithmetic of a shrinking
global carbon budget, and overtaken by shifts in economic and hence
bargaining power between these countries, international cooperation
on climate change has floundered. Given these three factors --which
Arvind Subramanian and Aaditya Mattoo call the "narrative," "adding
up," and "new world" problems --the wonder is not the current
impasse; it is, rather, the belief that progress might be possible
at all.
In this book, the authors argue that any chance of progress must
address each of these problems in a radically different way. First,
the old narrative of recrimination must cede to a narrative based
on recognition of common interests. Second, leaders must shift the
focus away from emissions cuts to technology generation. Third, the
old "cash-for-cuts" approach must be abandoned for one that
requires contributions from all countries calibrated in magnitude
and form to their current level of development and future
prospects.
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