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Climate Change Governance

dc.contributor.authorVandenbergh, Michael P.
dc.contributor.authorCohen, Mark A.
dc.identifier.citation18 New York University Environmental Law Journal 221 (2010)en_US
dc.descriptionan article published in a law journalen_US
dc.description.abstractThis article provides a critical missing piece to the global climate change governance puzzle: how to create incentives for the major developing countries to reduce carbon emissions. The major developing countries are projected to account for 80% of the global emissions growth over the next several decades, and substantial reductions in the risk of catastrophic climate change will not be possible without a change in this emissions path. Yet the global climate governance measures proposed to date have not succeeded and may be locking in disincentives as carbon-intensive production shifts from developed to developing countries. A multi-pronged governance approach will be necessary. We identify a new strategy that will be an important component of any successful effort. Our strategy recognizes that in the context of climate change the simplified Coasian approach to pollution should be updated to include a more complete view of the options firms face in response to emissions reduction pressure and the sources of that pressure. We demonstrate how governments and non-governmental organizations can use expanded corporate carbon reporting boundaries and product carbon disclosure to harness social norms in developed countries. This informal social license pressure, in turn, will create incentives for firms to seek emissions reductions from their domestic and global supply chains. The private market pressure conveyed through supply chains will reduce leakage from developed countries, create new incentives for developing country firms and national governments, and play a surprisingly important role in the formation and implementation of a successful post-Kyoto global policy architecture.en_US
dc.format.extent1 PDF (73 pages)en_US
dc.publisherNew York University Environmental Law Journalen_US
dc.subjectclimate changeen_US
dc.subjectgreenhouse gasesen_US
dc.subjectcarbon footprintsen_US
dc.subjectcorporate behavioren_US
dc.subject.lcshenvironmental lawen_US
dc.subject.lcshinternational lawen_US
dc.titleClimate Change Governanceen_US
dc.title.alternativeBoundaries and Leakageen_US

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