The traditional political economy account of global climate change governance directs our attention to fundamental collective action problems associated with global public goods provision, resulting from positive or negative externalities as well as freeriding. The governance architecture of the...

Conventional wisdom holds that climate change poses a global public goods problem, thus requiring a global solution that reduces greenhouse gas (GHG) emissions worldwide through some form of centralized target setting and burden-sharing arrangement among countries. Yet, the 2015 Paris Agreement...