Related papers: Improving International Climate Policy via Mutually Conditional Binding Commitments

Improving International Climate Policy via Mutually Conditional Binding Commitments

URL: http://arxiv.org/abs/2307.14267v1
Date: Wed, 26 Jul 2023 15:53:26 GMT
Title: Improving International Climate Policy via Mutually Conditional Binding Commitments
Authors: Jobst Heitzig, J\"org Oechssler, Christoph Pr\"oschel, Niranjana Ragavan, Yat Long Lo
Abstract summary: Conditional Commitment Mechanism aims to formalize conditional cooperation in international climate policy. We provide an overview of the mechanism, its performance in the AI4ClimateCooperation challenge, and discuss potential real-world implementation aspects.
Score: 0.03499870393443267
License: http://creativecommons.org/licenses/by/4.0/
Abstract: The Paris Agreement, considered a significant milestone in climate negotiations, has faced challenges in effectively addressing climate change due to the unconditional nature of most Nationally Determined Contributions (NDCs). This has resulted in a prevalence of free-riding behavior among major polluters and a lack of concrete conditionality in NDCs. To address this issue, we propose the implementation of a decentralized, bottom-up approach called the Conditional Commitment Mechanism. This mechanism, inspired by the National Popular Vote Interstate Compact, offers flexibility and incentives for early adopters, aiming to formalize conditional cooperation in international climate policy. In this paper, we provide an overview of the mechanism, its performance in the AI4ClimateCooperation challenge, and discuss potential real-world implementation aspects. Prior knowledge of the climate mitigation collective action problem, basic economic principles, and game theory concepts are assumed.

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