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Reaching a Global Agreement on Climate Change: What are the Obstacles?
Author(s) -
HUFBAUER Gary Clyde,
KIM Jisun
Publication year - 2010
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/j.1748-3131.2010.01144.x
Subject(s) - sanctions , negotiation , successor cardinal , subsidy , yield (engineering) , international economics , kyoto protocol , economics , international trade , agreement , development economics , political science , climate change , market economy , law , mathematical analysis , ecology , materials science , mathematics , biology , metallurgy , linguistics , philosophy
A successor accord to the Kyoto Protocol was supposed to be wrapped up in Copenhagen in December 2009, but negotiations are now expected to extend through the South African UNFCCC conference in 2011 since the Copenhagen talks failed to yield a binding agreement. To reach a comprehensive deal, major gaps between developing and developed countries must be narrowed. The gaps include the character of common but differentiated responsibilities, financial support, technology transfer, and trade subsidies and sanctions. The paper concludes with some options and recommendations.