UN Summit on Climate Change in Paris – Destined to Fail or Succeed?

... economics of climate change. It then continues with a brief history of developments under the Convention on Climate Change and Kyoto Protocol and moves on to discuss how a Paris agreement is expected to be different from the approach taken in Kyoto. The ... ... reduction commitments. Russia for instance took advantage of the Joint Implementation scheme which provided investments into energy efficiency, renewables and other low-carbon options. In a new agreement, market mechanisms prove to be difficult to define ...