ABSTRACT

Averting climate change is-and will remain-a priority for the global community throughout the twenty-first century. Like the many global public goods that have revived interest in the nature of international cooperation in recent years-the control of infectious disease, international financial stability, biodiversity, and knowledge, just to name a few-mitigating climate change will yield far-reaching consequences for developed and developing countries alike. It can be argued that the concessions made to developing countries under the current climate control framework, the Kyoto Protocol, sacrifice efficiency in the pursuit of equity. Consequently the Kyoto Protocol fails to elicit the level of international cooperation necessary to stabilize greenhouse gas emissions at levels sufficient for preventing catastrophic climate change.