Designing International Environmental Agreements : Incentive Compatible Strategies for Cost-Effective Cooperation : New Horizons in Environmental Economics - Carsten Schmidt

Designing International Environmental Agreements : Incentive Compatible Strategies for Cost-Effective Cooperation

By: Carsten Schmidt

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The international character of today's most pressing environmental problems has become a key challenge for environmental policy-making. This study combines two core dimensions of international environmental policy: the traditional search for cost-effective policy instruments and the creation of incentives for voluntary co-operation among sovereign nations. The analysis offers some policy recommendations for the design of environmental treaties and for the further development of existing international institutions to protect the global environment.

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