Global Policy Responses to Climate Change

While fossil fuels are essential for growth in practically all economies, the resulting greenhouse gas emissions have serious adverse global effects on our climate. Dealing with this problem requires global cooperation.

Are there preferable alternatives to the cap-and-trade system of the Kyoto Protocol? Should the coming climate negotiations be global level or include just the major emitters? How should the costs of the policy collaboration be distributed among developing and developed countries?

If global, what institutional architecture for climate negotiations is desirable? Is there a case for creating a new international institution (analogous to the IMF) to deal with climate change, or can existing institutions handle the task?

What is the role of international technology cooperation and adaptation measures to climate change?