There won't be a global CO2 reduction agreement if the focus remains on deadlines and targets. That was the strong message from yesterday's Lowy Lunch presentation by the Lowy Institute's own Warwick McKibbin, a professor at ANU, senior non-resident fellow at Brookings and Reserve Bank board member.
Warwick instead recommends a 'price collar' approach. You can listen to Warwick's whole presentation — with a lengthy Q&A — and look at his slides by clicking here. I also did a short interview with him after his talk.
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