By David G. Victor
David Victor offers an attractive tale with one significant omission which has a tendency to disqualify the ebook completely.
Blithely assuming that emissions controls can opposite a modest weather swap with no up to an try and comprehend the character of the current weather pattern, particularly in a point of view giving a minimum of a few comprehension of why weather swap continuously happens, the e-book chefs up much or reasoning approximately nothing.
The cart is solidly sooner than the pony and that i recommend different transportation for these drawn to the Kyoto conundrum.
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Additional info for The Collapse of the Kyoto Protocol and the Struggle to Slow Global Warming
23 The problem of collective action has been partially solved by institutions that impose penalties on defectors, but the success stories are few and are not applicable to emission trading.
That is why international law is weak and conservative—an instrument for negotiating and codifying unanimous views, but unable to impose decisions that harm a signiﬁcant minority. That calculus leads to the familiar tragedy of the commons—society as a whole would beneﬁt from collective action, but cooperation fails because each member is individually better off by defection. All international cooperation on global warming faces this challenge, but a permit system is especially sensitive to the inability to impose international legal decisions.
Lawmakers successfully allocated permits because they could credibly threaten to impose other, more costly regulatory alternatives such as “commandand-control” technology standards or a tax on emissions. Faced with this choice, major emitting ﬁrms (electric utilities) quickly lined up to support emission trading. They generally favored market-based solutions like taxes or permits over less efﬁcient command-and-control regulation. And they preferred permits to taxes because the permits would be distributed mainly in proportion to past emissions.
The Collapse of the Kyoto Protocol and the Struggle to Slow Global Warming by David G. Victor