In their pursuit of policies to combat global warming, countries
will find that they may also receive additional benefits which are
not directly associated with the primary aim. These ancillary
benefits are likely to include, for example, a reduction in
pollution as a result of carbon containment policies. International
Climate Policy to Combat Global Warming is one of the first books
which analyses climate policy, taking account of ancillary as well
as primary benefits. The author integrates ancillary benefits into
the theory and explores the implications for international policy
measures. Because of the private character of ancillary benefits,
the author is able to treat climate policy as an impure public good
which in turn has an impact on the efficient climate protection
level. He highlights the general failures of the standard approach
to climate policy design and goes on to propose a new approach to
international negotiations on climate change. He suggests a
flexible matching scheme which would help overcome free-rider
incentives and which would have considerable advantages over
traditional co-operative designs. By proposing a novel framework
for the analysis of, and solution to, the problem of global
warming, this book will be welcomed by environmental and ecological
economists, policymakers and researchers of political science.
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