News

OECD Publishes Working Paper on Effectiveness of Copenhagen Accord Pledges

4 August 2010: The Organisation for Economic Co-operation and Development (OECD) has released a working paper titled “Costs, Revenues, and Effectiveness of the Copenhagen Accord Emission Pledges for 2020.”

Authored by Rob Dellink, Gregory Briner and Christa Clapp, using a general equilibrium economic model, this paper considers the costs and effectiveness of emissions reductions pledged by countries listed in the Appendices of the Copenhagen Accord. It finds that, important as they are, current pledges, amounting to approximately 0.3% GDP for both Annex 1 and Annex 2 countries, are not ambitious enough to limit global temperature increases to an average of below 2° Celsius. It further finds large potential exists to offset these costs, and even profit, by implementing more market-based mitigation instruments. [The Working Paper on the Copenhagen Accord Emission Pledges]