Rob Stavins' fourth The Environmental Forum column considers climate change:
A credible international approach is required for this global problem. Support for the unilateral, domestic program in the McCain-Lieberman legislation is not sufficient, and the claim that research and voluntary action are sufficient is not credible. Rather, the United States should work to develop the architecture of an international agreement that is acceptable to the president, the Senate, and the international community. There is no silver bullet, but an economic perspective suggests three key elements.
The three required elements are:
- the involvement of developing countries
- long-term emissions reductions targets
- market-based policy instruments
Read all of it here: A Better Climate Agreement.
