Moving on Towards a Workable Climate Regime

  • Jaime de MeloEmail author
Conference paper


The Paris Agreement (PA) signed by 175 parties is now a Treaty since a quorum of signatories has been obtained. This Treaty is really the first important step taken to limit temperature increase, as pledges, if sustained and far more ambitious beyond 2030, would drastically limit the projected temperature increase from projections in the absence of measures to limit emissions of greenhouse gases. Contributions however fall short of the intentions to limit temperature increase to the +1.5 to +2 °C range since the onset of industrialization. Drawing on recent contributions, this paper reviews where we stand in tackling four challenges ahead: (i) taking fuller cognizance of the accumulating scientific evidence calling for urgent action; (ii) designing an architecture that will render effective the blend of ‘bottom-up’ and ‘top-down’ approaches; (iii) choosing policy options and tackling the slow transition to a low-carbon economy, and; (iv) raising finance and addressing burden sharing.

JEL codes

O44 F18 



I thank Scott Barrett and Carlo Carraro for fruitful collaboration, Jean-Marie Grether, Jie He, Nicole Mathys and participants at the XXVIII Mondragone seminar June 23–4, 2016 for comments and Adrien Corneille and Vincent Nossek for logistic support. I am grateful to the French National Research Agency for its support under program ANR-10-LABX-14-01. Views and errors are mine and do not reflect those of the institutions to which I am affiliated.


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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  1. 1.FERDI (Fondation pour les Études et Recherches sur le Développement International)Clermont-FerrandFrance
  2. 2.CEPRLondonUK
  3. 3.Geneva Business SchoolGenevaSwitzerland

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