We investigate a central issue in the climate change debate associated with the Kyoto Protocol: the likely performance of international greenhouse gas trading mechanisms. Virtually all design studies and many projections of the costs of meeting the Kyoto targets have assumed that an...

“Hopes are fading that a strong treaty will emerge from next month’s negotiations in Copenhagen,” according to Nature Geoscience (2009/11). This short book starts from Nature’s critique of the “targets and timetables” approach to international agreement and describes an international...

The Kyoto Protocol’s approach of assigning emission targets, or “caps,” exacerbates problems with international cooperation and commitment. This has caused the developing countries, which account for the fastest growing half of emissions, to reject caps. Global carbon pricing addresses...

In the political struggle for finding a solution for the global climate crisis participation of civil society voices is explicitly invited. Accordingly, civil society – and in particular environmental non- governmental organisations (ENGOs) – has contributed to this process from its...