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Global Warming Policy After Kyoto: Rethinking Engagement with Developing Countries
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Program on Energy and Sustainable Development Working Paper #82

January 28, 2009

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 costly efforts that yield uncertain benefits far in the future.  That portfolio includes tasks such as putting a price on carbon and devising complementary regulations to encourage firms and individuals to reduce their carbon footprint.  It includes correcting for 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

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