Global climate change economics and opportunities
Timothy Wirth, Under Secretary for Global Affairs, recently stated that climate change is probably the most complicated scientific, environmental, economic, and political challenge in history. Developing an effective, flexible climate change policy with over 150 nations, diverse stakeholders and less-than-certain scientific understanding is indeed difficult with so much at stake. Specifically, what the author would like to address are some of the issues states are beginning to consider in response to the national and international discussions. The decisions at the national and international level, starting with the conference in Rio, and most recently in Geneva, will impact regulators directly. On July 17, 1996, the US negotiating team to the Framework Convention on Climate Change stated for the first time that it supports a {open_quotes}verifiable and binding post-2000 emissions target.{close_quotes} This, indeed, caught the authors attention. Until now, as you know, climate change negotiation was based on the 1992 Framework Convention on Climate Change, whereby industrialized countries agreed to a nonbinding aim of reducing green house gas emissions to 1990 levels by the year 2000. It now appears that we may soon be committed to a legally binding emission`s reduction strategy.
- OSTI ID:
- 476831
- Journal Information:
- NRRI Quarterly Bulletin, Journal Name: NRRI Quarterly Bulletin Journal Issue: 4 Vol. 17; ISSN NQBUEK; ISSN 8756-632X
- Country of Publication:
- United States
- Language:
- English
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