Discussion Paper - Harvard Project on Climate Agreements, Belfer Center

Linking Policies When Tastes Differ: Global Climate Policy in a Heterogeneous World

    Authors:
  • Gilbert E. Metcalf
  • David Weisbach
| July 2010

The authors discuss linkage of various types of trading systems. Their goal is to identify opportunities for constructive linkage and policy choices that might limit or hinder linkage. They argue that the basic approach of existing emission-reduction-credit systems, especially the Clean Development Mechanism (CDM), can be extended to create linkage opportunities among diverse emission control systems while eliminating some of the problems in the CDM. Moreover, while emission-reduction-credit systems are designed to work with cap and trade, the authors describe how they might complement tax and certain regulatory systems, as well.

For more information on this publication: Please contact Harvard Project on Climate Agreements
For Academic Citation: Metcalf, Gilbert E. and David Weisbach. “Linking Policies When Tastes Differ: Global Climate Policy in a Heterogeneous World.” Discussion Paper, 2010-38, Harvard Project on Climate Agreements, Belfer Center, July 2010.

The Authors