• Introduction and Overview


• 1: Robert W. Hahn and Alistair Ulph: Thinking through the Climate Change Challenge


• Part I: Getting Nations to Work Together


• 2: Thomas Schelling: Norms, Conventions, and Institutions to Cope with Climate Change


• 3: Scott Barrett: Credible Commitments, Focal Points, and Tipping: The Strategy of Climate Treaty Design


• 4: Geoffrey Heal and Howard Kunreuther: Tipping Climate Negotiations


• 5: Charles D. Kolstad: Bridging Reality and the Theory of International Environmental Agreements


• 6: Anastasios Xepapadeas: The Cost of Ambiguity and Robustness in International Pollution Control


• Part II: Ethical and Distributional Concerns


• 7: Partha Dasgupta: Time and the Generations


• 8: Geir B. Asheim: Discounting While Treating Generations Equally


• 9: David J. Frame and Cameron J. Hepburn: Emerging Markets and Climate Change: Mexican Standoff or Low-carbon Race?


• Part III: Approaches to Designing More Efficient Policies


• 10: Ian Parry and Roberton C. Williams III: Moving US Climate Policy Forward: Are Carbon Taxes the Only Good Alternative?


• 11: Michael Hoel: Carbon Taxes and the Green Paradox


• 12: Linda R. Cohen and Amihai Glazer: Derivative Markets for Pollution Permits and Incentives to Innovate


• 13: Robert Mendelsohn: Development and Climate Adaptation


• 14: David Anthoff and Richard S.J. Tol: Schelling's Conjecture on Climate and Development: A Test

From 1999 to 2008, Professor Hahn served as the director of the AEI-Brookings Joint Center, a leader in policy research in law and economics, regulation, and antitrust. Previously, he worked for the US President's Council of Economic Advisers, where he helped design the market-based cap-and-trade system for limiting smokestack sulfur emissions at minimum cost to industry. He also served on the faculties of Harvard University and Carnegie Mellon University. Professor Hahn is a frequent contributor to leading scholarly journals including the American Economic Review, Science, and the Yale Law Journal, as well as to general-interest periodicals including the New York Times and Forbes.com. He is also the co-founder of Regulation2point0.org.
Following employment at the Oxford Centre for Management Studies, Stirling University and Australian National University, Professor Ulph spent 25 years (1979-2004) at the University of Southampton, the last 20 of these as Professor of Economics, with spells as Visiting Professor at the University of British Columbia (1985), Australian National University (2002), and University of California Santa Barbara (2002). He was appointed Economic Assessor for the Hinkley Point C Public Inquiry (1989-90) and elected President of European Association of Environmental and Resource Economists (2000-2001) and Fellow of the Royal Society of Arts (2000-). Between April 2004 and 2010 he held the post of Vice-President and Dean of the Faculty of Humanities at The University of Manchester. He has published 6 books and over 100 refereed papers.

An overview of the fundamental political and economic processes driving climate change policy that highlights the work of Nobel Laureate Tom Schelling. It identifies the institutional arrangements needed to design more effective policy and examines the ethical arguments that are critical to understanding and framing the climate debate.