From Rio to Rio :a global carbon price signal to escape the great climate inconstitency
Abstract
From Rio to Rio: A global carbon price signal to escape the great climate inconsistency
Two decades after the 1992 Rio Conference,we must admit to collective
failure in combating human induced climate change. We cannot escape serious
climate disruption if we keep going down that road. We must change direction,
and we must move quickly. To this end, we call in this paper for a fine tuning
of the international negotiations on climate. We propose refocusing these
international efforts on negotiating a global carbon price signal, harmonized in
principle but flexible in practice, instead of doggedly spending the next few
years attempting to convince countries to accept stricter national targets for
quantitative reduction of their greenhouse gas (GHG) emissions.
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