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10-05: World Bank Talk on Global Carbon Pricing

May 20, 2010, Peter Cramton and Steven Stoft
Presented by Peter Cramton, at the World Bank in Washington DC.
Download Power Point version, PPTX (377k).  Download PDF (1019k).

This talk contains a new section on game theory, explaining (1) Why cap-and-trade causes the polarization of developed and developing countries that has been growing since Kyoto and derailed Copenhagen, and (2) How the Green Fund can be linked to a global-carbon-price target to make the outcome of the global climate-policy game far more cooperative and efficient.