October 24, 2011

What Role for Trade in a Post 2012 Global Climate Policy Regime

by John Whalley

- This paper discusses the role that trade can potentially play in both negotiating and operating a post Kyoto/post 2012 global climate policy regime. As an addition to the bargaining set for a global climate negotiation, trade in principle widens the range of jointly beneficial potential outcomes and can in this sense be a potential facilitator of an agreed global climate regime. In short, trade added to the emerging post 2012 climate regime can both expand the bargaining set for both (effectively linked) negotiations, and additionally provide an instrument for the implementation of an agreed outcome.

John Whalley (2011). "What Role for Trade in a Post 2012 Global Climate Policy Regime." NBER Working Paper No. 17498, Oct 2011.