Description
Book SynopsisThe international character of today's most pressing environmental problems has become a key challenge for environmental policy making. As regulation by a supranational authority is not a realistic option at present, policymakers have to rely on decentralized approaches to the management of international environmental resources.
This study combines two core dimensions of international environmental policy: the traditional search for cost-effective policy instruments and the creation of incentives for voluntary cooperation among sovereign nations. The analysis offers some clear-cut policy recommendations for the design of environmental treaties and for the further development of existing international institutions to protect the global environment.
Table of ContentsContents: Preface 1. Introduction 2. International Environmental Problems 3. Cost-effectiveness 4. Incentive Compatibility 5. Enforcement and Side Payments 6. Financing Incremental Abatement Costs under Asymmetric Information 7. Institutions for the Global Environment 8. Summary and Outlook Appendix Bibliography Index
