GLOBAL CLIMATE CHANGE GOVERNANCE: A RETHINKING
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The decades of increased Green House Gas (GHG) emissions have increased global average temperature to 1.1 degrees over pre-industrial levels. In order to hold the global average temperature rise below 2 degrees Celsius and, if possible, 1.5 degree Celsius, the governments signed various treaties. However, countries’ collective agreements to reduce their emissions were never kept. This study outlines why the method of mitigating global climate change has failed. The main problem was the inability to enforce goals and timelines. Ideas for even tighter emission limits will be ineffective unless they solve the enforcement gap. Trade restrictions are one method, but they introduce significant complications, particularly when used to enforce economy-wide carbon reduction agreements. The applied methodology is qualitative. This study proposes a novel strategy to unpack the climate challenge, targeting various gasses and industries with various instruments. It also illustrates how failing to address the climate problem fundamentally would generate incentives for various solutions, offering new problems for climate change governance.
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