A Copenhagen Collar: Achieving Comparable Effort Through Carbon Price Agreements

The financial crisis and deep recession illustrate the unforeseen macroeconomic conditions through which climate policy must endure if it is to stabilize concentrations of greenhouse gases over the long run. It has made voters uneasy about climate policy that could raise energy costs and unemployment, even though the next agreement under the United Nations Framework Convention on Climate Change (UNFCCC) would likely not take effect until 2013, beyond the predicted duration of the current recession.