CONTENTS List of Figures x List of Tables xii List of Boxes xiv List of Contributors xv 1. Introduction 1 Dieter Helm and Cameron Hepburn PART I. REVISITING THE ECONOMICS OF CLIMATE CHANGE 2. Climate-change Policy : Why has so Little been Achieved? 9 Dieter Helm 3. The Global Deal on Climate Change 36 Cameron Hepburn and Nicholas Stern 4. Climate Treaties and the Imperative of Enforcement 58 Scott Barren 5. The Implications of Rapid Development for Emissions and Climate-change Mitigation 81 Ross Garnaut, Stephen Howes, Frank Jotzo, and Peter Sheehan 6. The Behavioural Economics of Climate Change 107 KjellArne Brekke and Olof Johansson-Stenman PART II. THE GLOBAL PLAYERS AND AGREEMENTS 7. Climate Change and Africa 125 Paul Collier, Gordon Conway, and Tony Venables 8. China's Balance of Emissions Embodied in Trade : Approaches to Measurement and Allocating International Responsibility 142 Jiahua Pan, Jonathan Phillips, and Ying Chen 9. India and Climate-change Mitigation 167 Vijayjoshi and Urjit R. Patel 10. Addressing Climate Change with a Comprehensive US Cap-and-trade System 197 Robert N. Stavins 11. EU Climate-change Policy-A Critique 222 Dieter Helm PART III. LOW-CARBON TECHNOLOGIES 12. Nuclear Power, Climate Change, and Energy Policy 247 Dieter Helm 13. Carbon Dioxide Capture and Storage 263 Howard Herzog 14. Climate-change Mitigation from Renewable Energy : Its Contribution and Cost 284 Richard Green 15. The National Inventory Approach for International Forest-carbon Sequestration Management 302 Krister P. Andersson, Andrew ]. Plantinga, and Kenneth R. Richards 16. On the Regulation of Geoengineering 325 David G. Victor 17. Improving Energy Efficiency: Hidden Costs and Unintended Consequences 340 Steve Sorrell PART IV. NATIONAL AND INTERNATIONAL INSTRUMENTS 18. Carbon Taxes, Emissions Trading, and Hybrid Schemes 365 Cameron Hepburn 19. Docking into a Global Carbon Market : Clean Investment Budgets to Finance Low-carbon Economic Development 385 Gernot Wagner, Nathaniel Keohane, Annie Petsonk, and James S. Wang 20. International Carbon Finance and the Clean Development Mechanism 409 Cameron Hepburn PART V. INSTITUTIONAL ARCHITECTURE 21. The Global Climate-change Regime: A Defence 433 Joanna Depledge and Farhana Yamin 22. Governing Climate Change : Lessons from other Governance Regimes 454 Arunabha Ghosh and Ngaire Woods Bibliography 478 Index 521