To understand the negotiation processes on the risks of climate change. In particular to explore the possibility of mitigation strategies, with or without an international agreement and to examine their stability over time and likelihood of success.
The project looks at the following questions:
i) the nature of the coordination among the countries - should there be a decentralized agreement on a set of mutually beneficial strategies or the creation of some form of cooperative structure in charge of managing the "global commons"; ii) the relevant decision-making criteria - should a cost-benefit framework or an "insurance" against a major global risk framework be applied; iii) the extent to which an international agreement can stimulate the implementation and possibly increase the actual benefits of potential "no regret" strategies - these strategies are justified on grounds other than the risk of climate change, so that their net cost is negative or nil. These various "no regret" option are clarified as well as the constraints to their adoption; policy prerequisites, institutional and market barriers, etc, examined.
The study also assesses:
iv) the membership rules which tend to increase the number of countries participating in an international agreement;
v) several potential "no regret" strategies are assessed for various homogenous geographical regions including Europe, North America, Japan and Brazil amongst others.
Funding SchemeCSC - Cost-sharing contracts