@article{Bodansky:202114,
      recid = {202114},
      author = {Bodansky, Daniel M. and Hoedl, Seth A. and Metcalf,  Gilbert E. and Stavins, Robert N.},
      title = {Facilitating Linkage of Heterogeneous Regional, National,  and Sub-National Climate Policies Through a Future  International Agreement},
      address = {201-04-20},
      number = {824-2016-54674},
      series = {CCSD},
      pages = {61},
      month = {Apr},
      abstract = {Negotiations pursuant to the Durban Platform for Enhanced  Action appear likely to lead to a 2015 Paris agreement that  embodies a hybrid climate policy architecture, combining  top-down elements, such as for monitoring, reporting, and  verification, with bottom-up elements, including  “nationally determined contributions” from each  participating country, detailing what it intends to do to  reduce emissions, based on its national circumstances. For  such a system to be cost-effective—and thus more likely to  achieve significant global emissions reductions—a key  feature will be linkages among regional, national, and  sub-national climate policies. By linkage, we mean a formal  recognition by a greenhouse gas mitigation program in one  jurisdiction (a regional, national, or sub-national  government) of emission reductions undertaken in another  jurisdiction for purposes of complying with the first  jurisdiction’s mitigation program. We examine how a future  international policy architecture could help facilitate the  growth and operation of a robust system of international  linkages of regional, national, and sub-national policies.  Several design elements merit serious consideration for  inclusion in the Paris agreement, either directly or by  establishing a process for subsequent international  elaboration. At the same time, including detailed linkage  rules in the core agreement is not desirable because this  could make it difficult for rules to evolve in light of  experience.},
      url = {http://ageconsearch.umn.edu/record/202114},
      doi = {https://doi.org/10.22004/ag.econ.202114},
}