@article{Olmstead:93412, recid = {93412}, author = {Olmstead, Sheila M. and Stavins, Robert N.}, title = {Three Key Elements of Post-2012 International Climate Policy Architecture}, address = {2010-08}, number = {838-2016-55715}, series = {SD}, pages = {27}, year = {2010}, abstract = {We describe three essential elements of an effective post-2012 international global climate policy architecture: a means to ensure that key industrialized and developing nations are involved in differentiated but meaningful ways; an emphasis on an extended time path of targets; and inclusion of flexible market-based policy instruments to keep costs down and facilitate international equity. This architecture is consistent with fundamental aspects of the science, economics, and politics of global climate change; addresses specific shortcomings of the Kyoto Protocol; and builds upon the foundation of the United Nations Framework Convention on Climate Change.}, url = {http://ageconsearch.umn.edu/record/93412}, doi = {https://doi.org/10.22004/ag.econ.93412}, }