Game-Theory Lessons for Climate Policy
- First achieve cooperation then strengthen commitments. (Al Gore explains.)
- Include penalties for non-compliance. (D&S pp. 85, 96)
- Detect cheating quickly and accurate (D&S p. 84)
- All countries should have a common interest in the key design parameters. (p. 97)
Game theory and international agreements
A news feature in the November issue of Nature Reports Climate Change explains the failure of climate negotiatoins.
- Lack of enforcement reduces the cooperativeness of the most cooperative players.
- (Why cooperate if others can cheat on you?)
- The focus on targets and timetables is risky.
- Rewards for agreement by developing countries are needed, but lacking.
- Agreement needs to be reached first among a small number of countries.