Table of Contents
2 Global Climate Change Regulation
Organization of this paper
In the first section of this paper, we discuss policy positions in the new US Administration and Congress, as well aseconomic stimulus plans around the world, through to the passage of the American Recovery and Reinvestment Act of2009 in February, 2009.Subsequent sections of the paper are organized thematically, rather than regionally, based on the framework we developedin
Investing in Climate Change 2009: Necessity and Opportunity in Turbulent Times
. See exhibit 1.
There are three broad sets of policy options available
In the second section of this paper, we look at traditional regulatory instruments such as mandated standards and publiceducation. In the third section, we examine developments in carbon pricing and markets. And in the fourth section, we lookat changes in innovation policy, including knowledge management and adjustment assistance. Within each section, weorganize policy developments regionally to facilitate understanding of how policy measures overlap and work in concert witheach other.