Tag Archives: Copenhagen

How to Set Greenhouse Gas Emission Targets for All Countries

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The effects of a changing global climate show up gradually, decade by decade.The effects of a changing US political climate have also been showing up gradually, year by year.A watershed was reached June 25, when the US Congress for the first time approved a bill to limit emissions of Greenhouse Gases (GHGs), by a vote of 219 to 212.But the Senate hurdle will be tougher.  The attempt to address Climate Change still has a very long way to go.

 

The problem

 

Climate Change is of course a global externality.Due to the free-rider problem, no single country, especially the United States, is likely to act on its own.The best solution is a multilateral treaty in which all countries commit to serious action together. In December of this year, a Conference of Parties to the UN Framework Convention on Climate Change will meet in Copenhagen, in the hope of negotiating a successor treaty to the Kyoto Protocol. read more

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