The outcome of the Durban Climate Conference in December 2011 will lead to a more fragmented climate regime after 2012. While
a few countries may continue with the Kyoto Protocol, its governance and its rules, the majority of countries will proceed
with the bottom-up approach of voluntarily proposing and reviewing reduction targets at least until 2020 when a new global
treaty may come into force. Designing this transition period will be a major challenge. This ICPIA synthesis paper includes
lessons from other ICPIA work packages in order to draw conclusions for improving the design of the climate regime for the
time after 2012 and after 2020. The paper concludes that finding a common ground on important design features, such as accounting
or new market mechanisms, in the short term will impact the ability to create a comprehensive agreement in the long term.
The project "ICPIA – Coping with Complexity in the Evolving International Climate Policy Institutional Architecture" was funded
by the Austrian "Klima- und Energiefonds" and carried out within the research programme "ACRP".
Auftraggeber: Klima- und Energiefonds
Studie von: Österreichisches Institut für Wirtschaftsforschung – Climate Strategies