Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


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Climate Accession Deals: New Strategies for Taming Growth of Greenhouse Gases in Developing Countries

Discussion Paper

David G. Victor - Director at PESD

Published by
The Harvard Project on International Climate Agreements, Vol. 08-18
December 2008

Effective strategies for managing the dangers of global climate change are proving very difficult to design and implement. They require governments to undertake a portfolio of efforts that are politically challenging because they require large expenditures today for uncertain benefits that accrue far into the future. That portfolio includes tasks such as putting a price on carbon, fixing the tendency for firms to under-invest in the public good of new technologies and knowledge that will be needed for achieving cost-effective and deep cuts in emissions; and preparing for a changing climate through investments in adaptation and climate engineering. Many of those efforts require international coordination that has proven especially difficult to mobilize and sustain because international institutions are usually weak and thus unable to force collective action...."