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In Climate Talks, Soft is the New Hard – and That’s a Good Thing

December 15, 2014

[The New York Times ]...In a 1998 book, edited by Bill Nordhaus (Economics and Policy Issues in Climate Change), Dick Schmalensee wrote about “Greenhouse Policy Architectures and Institutions,” and lamented that the Kyoto Protocol exhibited narrow scope (covering only the Annex I countries) but aggressive ambition for that small set of nations.

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