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Law and Economics of International Climate Change Policy (Paperback, Softcover reprint of hardcover 1st ed. 2001)
Loot Price: R2,851
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Law and Economics of International Climate Change Policy (Paperback, Softcover reprint of hardcover 1st ed. 2001)
Series: Environment & Policy, 30
Expected to ship within 10 - 15 working days
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International climate change policy can be broadly divided into two
periods: A first period, where a broad consensus was reached to
tackle the risk of global warming in a coordinated global effort,
and a second period, where this consensus was finally framed into a
concrete policy. The first period started at the "Earth Summit" of
Rio de Janeiro in 1992, where the United Nations Framework
Convention on Climate Change (UNFCCC) was opened for signature. The
UNFCCC was subsequently signed and ratified by 174 countries,
making it one of the most accepted international rd treaties ever.
The second period was initiated at the 3 Conference of the Parties
(COP3) to the UNFCCC in Kyoto in 1997, which produced the Kyoto
Protocol (KP). Till now, eighty-four countries have signed the
Kyoto Protocol, but only twelve ratified it. A major reason for
this slow ratification is that most operational details of the
Kyoto Protocol were not decided in Kyoto but deferred to following
conferences. This deferral of the details, while probably
appropriate to initially reach an agreement, is a major stepping
stone for a speedy ratification of the protocol. National policy
makers and their constituencies, who would ultimately bear the cost
of Kyoto, are generally not prepared to ratify a treaty that could
mean anything, from an unsustainable strict regime of international
control of greenhouse gases (GHGs) to an "L-regime" ofloopholes, or
from a pure market-based international carbon trading to a regime
of huge international carbon tax funds.
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