To-Do and Planning

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Carbon Price: Pricing Breakthrough

Understand carbon-pricing: Play the Games: Price Negotiation & Cap Negotiation.   Stiglitz, Weitzman, Nordhaus, World Bank align. Paris Climate Conference …

At least 150 companies prep for carbon prices – USA Today   <= longest 

Play carbon pricing game. Compare: Carbon Price to Caps

1. Fundamentals
   1. The International Climate Problem Is a Free-Rider Problem
   2. A Global Carbon Price Is Needed
   3. Cap-and-Trade Can Comply
   4. Green Fund Transfers Are Essential
2. Why a Global Price Is Easier to Negotiate
   1. A Price Simplifies Negotiations
   2. A Global Price Provides a Countervailing Force against Free Riding
   3. The Benefit of a Focal Point
   4. Why Caps Appear Unfair to Poor Countries
   5. International vs. National Cap-and-Trade
3. Treaty Mechanics
   1. Monitoring
   2. Compliance/Enforcement
   3. Uniformity of Global Price
   4. Hitting a Target with a Price
   5. The Cost of Pricing is Low
   6. The Use of Carbon Revenues
   7. Who Should Initiate the Treaty?
4. Comparisons Assuming Successful Negotiations
   1. Price volatility
   2. International Payments
   3. Corruption