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An Elaborated Proposal for Global Climate Policy Architecture: Specific Formulas and Emission Targets for All Countries in All Decades
Academic Seminar Series

Thursday, April 23, 2009
2:00 p.m.-3:30 p.m

Presented by:
Jeff Frankel
Harvard University

7th Floor Conference Room
Resources for the Future
1616 P St. NW
Washington, DC 20036

Summary: The proposal goes beyond others in several ways. It spells out specific targets for Greenhouse Gas emissions by all countries and for all decades. Rather than being based exclusively on science or ethics or cost-benefit optimization, it is designed to satisfy certain political constraints. On the one hand, it satisfies rich countries' insistence on avoiding leakage. On the other hand it satisfies developing countries' insistence on not making economic sacrifices greater than those made by rich countries first, with due allowance for income differences. The specific formulas and specific parameter values succeed in achieving year-2100 concentrations of 500PPM while obeying the constraint that no region can be expected to pay an economic cost in excess of 1% GDP. We have not yet been able to achieve concentrations of 450PPM while obeying the same constraints.

If you have any questions, please contact Juha Siikamäki and 202-328-5157.

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