William Nordhaus’s climate club proposal: thinking globally about climate change economics
DOI:
https://doi.org/10.26686/pq.v12i2.4597Keywords:
Paris Agreement, United Nations Framework Convention on Climate Change (UNFCCC), Kyoto Protocol, carbon tax, collective action, anti-collectivist ideology, cap-trade, global price floor, Trans-Pacific Partnership Agreement (TPPA)Abstract
‘Think globally, act locally’ has long been a rallying cry for progressives and green activists. In this article I stress the importance of thinking globally before acting locally in the wake of the 2015 Paris conference on climate change. Both the content of the Paris Agreement and the political rhetoric surrounding it feel like a return to 1992 following the signing of the Rio Declaration and the United Nations Framework Convention on Climate Change.
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