Peter Cramton talks decarbonisation | Energy Today with JM Glachant

Peter Cramton, Professor at the University of Maryland and the EUI, is an expert in market design. Here he talks with Jean-Michel Glachant about global decarbonisation negotiations. Recorded 9 September 2015 "The international negotiations have today been ineffective at addressing decarbonisation, and the basic problem is the process that they're using in the negotiations. They are not taking advantage of what we know about how to promote cooperation in negotiations" "The pledges are inadequate. They are essentially what are in the self-interests of the countries." "Price carbon - I will, if you will." "Rather than making individual pledges, the parties should be looking for a common commitment and pledge the common commitment" "The price of carbon is a very natural common focal of the common commitment."