This Policy Brief focuses on three issues that are especially important in the long-term development of the climate regime: (a) the challenge of the fragmentation of negotiations and governance systems; (b) the challenge of steering and evaluating novel types of privatised and market-based...

A major concern in climate negotiations is that decarbonization may significantly hurt the development process. This paper shows that international specialization can contribute to making environmental and economic objectives compatible. When carbon efficiency differs between two trading...