An Elaborated Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades

by Jeffrey A. Frankel

- This paper analyzes a detailed plan to set quantitative national limits on emissions of greenhouse gases, following along the lines of the Kyoto Protocol. It is designed to fill in the most serious gaps: the absence of targets extending as far as 2100, the absence of participation by the United States and developing countries, and the absence of reason to think that countries will abide by commitments. The plan elaborates on the idea of a framework of formulas that can assign quantitative limits across countries, one budget period at a time. Unlike other century-long paths of emission targets this plan is based partly on politics.

Frankel, J.A. (2009). "An Elaborated Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades." NBER Working Paper No. 14876, April 2009.