Preface xi

Three Introductory Chapters

1 Why Paris Did Not Solve the Climate Dilemma 1
Richard N. Cooper, Peter Cramton, Ottmar Edenhofer, Christian Gollier,
Éloi Laurent, David JC MacKay, William Nordhaus, Axel Ockenfels,
Joseph Stiglitz, Steven Stoft, Jean Tirole, and Martin L. Weitzman
2 Price Carbon—I Will If You Will 7
David JC MacKay, Peter Cramton, Axel Ockenfels, and Steven Stoft
3 Reflections on the International Coordination of Carbon
Pricing 13
Ian W. H. Parry

Nine Perspectives on Cooperation and Global Carbon Pricing

4 Global Carbon Pricing 31
Peter Cramton, Axel Ockenfels, and Steven Stoft
5 The Case for Pricing Greenhouse Gas Emissions 91
Richard N. Cooper
6 Overcoming the Copenhagen Failure with Flexible
Commitments 99
Joseph E. Stiglitz
7 Climate Clubs and Carbon Pricing 109
William Nordhaus
8 How a Minimum Carbon-Price Commitment Might Help to
Internalize the Global Warming Externality 125
Martin L. Weitzman
9 Climate Policy at an Impasse 149
Ottmar Edenhofer and Axel Ockenfels
10 Effective Institutions against Climate Change 165
Christian Gollier and Jean Tirole
11 From the Paris Agreement to the Carbon Convergence 205
Éloi Laurent
12 An International Carbon-Price Commitment Promotes
Cooperation 221
Peter Cramton, Axel Ockenfels, and Steven Stoft

Acknowledgments 243
Index 245