Yvo de Boer, head of the UN Framework Convention on Climate Change (UNFCCC) argues that richer countries should be able to buy as much as all their emissions reductions through investments in emission reductions in developing countries [see BBC / interview]. Given the global atmosphere is indifferent to where on the surface the reductions take place, there is an argument that countries with obligations to cut should make the emissions cuts where it’s most cost effective.
As long as the rich countries do the paying, then they would not be shirking their responsibilities. Or so the argument goes. And this argument is more plausible than its critics admit – the polluter is still paying, but in theory paying where the cuts are most efficient and thus squaring equity and efficiency objectives. However, the argument is also wrong. The main problem is long-term structural change… Continue reading “When rich countries make emissions cuts in poor countries”