气候变化领域集成服务门户(CCPortal): A net-zero target compels a backward induction approach to climate policy

CCPortal

DOI	10.1038/s41558-023-01798-y
	A net-zero target compels a backward induction approach to climate policy
	Dolphin, Geoffroy; Pahle, Michael; Burtraw, Dallas; Kosch, Mirjam
发表日期	2023
ISSN	1758-678X
EISSN	1758-6798
英文摘要	Jurisdictions worldwide increasingly affirm their contributions to the Paris Agreement by pledging net-zero targets. We argue that delivering on net-zero targets compels a backward induction approach to climate policy, which stipulates that maximizing credibility should be the objective of policy pathways design. This implies choosing policies that strike a suitable balance between building commitment and attaining cost efficiency. Our argument rests on the premise that private investments play a key role for net zero, and that getting expectations right-through credible commitment to a policy pathway-is more relevant than getting the prices right to align the investments with net zero. We sketch the main elements for a regulatory strategy to put this approach into action. Net-zero pledges are emerging around the world, but to be consequential they must compel credibility as a core objective of climate policy design. This paper proposes an approach, named backward induction, that aims to maximize policy credibility by balancing building commitment and cost efficiency.
英文关键词	CREDIBILITY; COMMITMENT; DISCRETION; ECONOMICS
WOS研究方向	Environmental Sciences ; Environmental Studies ; Meteorology & Atmospheric Sciences
WOS记录号	WOS:001072578300003
来源期刊	Nature Climate Change
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/282200
作者单位	Resources for the Future; International Monetary Fund; Potsdam Institut fur Klimafolgenforschung
推荐引用方式 GB/T 7714	Dolphin, Geoffroy,Pahle, Michael,Burtraw, Dallas,et al. A net-zero target compels a backward induction approach to climate policy[J],2023.
APA	Dolphin, Geoffroy,Pahle, Michael,Burtraw, Dallas,&Kosch, Mirjam.(2023).A net-zero target compels a backward induction approach to climate policy.Nature Climate Change.
MLA	Dolphin, Geoffroy,et al."A net-zero target compels a backward induction approach to climate policy".Nature Climate Change (2023).