Grasso and Roberts suggest that limiting the participants in this initial effort will allow the group to agree an a path forward, which has been elusive during two decades of negotiation. Such a deal will have maximum impact due to the members' size and global leverage. Trade benefits, such as promotion of trade and investment in climate-friendly technologies and renewable energies, would motivate MEF members to take the lead in emissions abatements, they write.
Second, the authors suggest switching from production-based to consumption-based carbon accounting. The latter, they write, is considered a fairer system that measures emissions from the final use of goods and services. Production-based emissions accounting, the currently accepted system, can penalize economies where carbon-intensive stages in globalized production chains take place and force countries to send those production processes off-shore, a step known as "carbon leakage." While this system will cause some members to have a higher emissions abatement burden than with the previous system, for the most part consumption-based accounting does not disproportionately penalize any one member, the authors write.
The third element in the proposed compromise is a redistribution of the burden of carbon emissions reductions based on MEF members' responsibility for climtate change and capability. Previous concepts of responsibility and capability pitted developing, newly industrialized countries against developed countries that had historically greater contributions to global emissions. Grasso and Roberts propose a model that would bring developing, relatively low-responsiblity countries into the decision-making process while also calling for accounting for emissions retroactively to 1990, a conc
|Contact: Courtney Coelho|