Global Strategies for Stable Climate: An Assessment Approach

Abstract

Climate change described by climatologists and environmental economists as a trans-boundary problem is a great challengeconfronting human existence. To this end, achieving a stable climate requires some kind of international environmentalagreement that takes into account each country’s emission (i.e., cooperation). Given such an agreement, is it necessary tosupplement with some kind of policy coordination? The present paper tried to investigate why cooperation could be supportedwith coordination, even though it is possible to achieve the best outcome (i.e., emission target) when countries have aninternational environmental agreement with emission charges focus on each country’s emissions (i.e. cooperation alone). In thiscontext, the paper also outlines possible elements that could facilitate cooperation among countries in order to establish aneffective coalition, considering previous global treaty (e.g. Montreal Protocol; Kyoto Protocol).Keywords: Cooperation, coordination, stable climate, public goods and environmental agreement.