Global Harmonized Carbon Pricing: Looking Beyond Paris

The conference was organized by the Yale Center for the Study of Globalization with participation by some of the world’s most renowned scholars and experts on key aspects of the topic. [...] Our aim was not only to update the rationale of global carbon pricing versus global cap and trade, but also to explore in greater detail the issues of negoti- ating that alternative and the details of the key aspects for its implementation. [...] If you review the draft protocol that is being prepared for COP21, to take place in Paris at the end of 2015, apart from some voluntarism towards universal participation, and also after looking at the details of the few carbon pledges that have been submitted, it is not an exaggeration to say that at the end of the present cycle of negotiations, not much progress towards a truly effective internat. [...] As we indicated in our invitation, our aim is not only to update the rationale of global carbon pricing versus global cap and trade, but also to explore in greater detail the issues of negotiat- ing that alternative and the details of the key aspects for its implementation. [...] A second area, which is getting closer to the topics we will deal with here, moving into the econom- ics and related areas, is the subject of the costs of slowing climate change, on the one hand, and the impacts of not slowing climate change on the other; the costs and benefits, if you like, of taking steps to slow climate change.