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Climate clubs and positive carbon pricing for a low-carbon Bretton Woods

Abstract:

If global average temperature rise is to be limited to 2°C or even 1.5°C below pre-industrial levels this century, we require a paradigm shift in the way we value and exchange mitigations of Greenhouse Gas Emissions (GHGs). Positive carbon pricing shifts the focus from the cost of GHG emissions to the value of mitigating GHG emissions. We hereby propose a climate club governance arrangement based on Article 6 of the Paris Agreement as well as a robust accounting system to create a positive ca...

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Publication status:
Published

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Institution:
University of Oxford
Division:
SSD
Department:
SOGE
Sub department:
Environmental Change Institute
Role:
Author
Publisher:
University of Bristol Law School
Series:
Law Research Paper Series
Publication date:
2019-01-01
ISSN:
2515-897X
Paper number:
#004 2019
Language:
English
Keywords:
Pubs id:
1273157
Local pid:
pubs:1273157
Deposit date:
2022-08-09

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