Copenhagen, Cancun and the limits of global welfare economics

Campbell, David and Klaes, Matthias (2011) Copenhagen, Cancun and the limits of global welfare economics. Economic Affairs, 31 (2). pp. 10-16. ISSN 0265-0665

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The rise of a global welfare economics directed at the environmental challenges facing our planet represents a new policy phenomenon. This paper examines the most ambitious attempt so far to put such economics into practice via the Kyoto Protocol and more specifically the Clean Development Mechanism of the Protocol. The Copenhagen and Cancún climate change conferences have put an end to hopes of the Protocol serving as an effective tool in the mitigation of global warming. This failure of the new global welfare economics is the result of flawed principles, not just defective implementation.

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Journal Article
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Economic Affairs
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22 Jan 2015 10:14
Last Modified:
22 Nov 2022 01:28