Pierre Courtois

Bargaining over a climate deal: deadline and delay

Assuming that a North-South transfer is the key to effective climate cooperation, we ask when and how much the North should offer to the South in return for a commitment to reduce deforestation and forest degradation. In light of the risk of irreversible damage over time, we examine a negotiation with a deadline. In this case, the North threatens the South over a negotiation dead-end in case an agreement is not reached rapidly. We assess the conditions for an agreement to be immediate or delayed, and discuss those situations likely to result in negotiation failure. Despite the risk of irreversible damage over time, we show that cooperation is likely to be delayed and we identify situations wherein the North and South do not reach an agreement within the deadline. Although Pareto-improving, cooperation may collapse because of inefficiencies related to incomplete information. What’s more, we show that in negotiations with a deadline, uncertainty about the benefits deriving from cooperation and the irreversibility of the damage that will be caused if cooperation is delayed are the two key components affecting choice.

Conservation Priorities when Species Interact: The Noah's Ark Metaphor Revisited

This note incorporates ecological interactions into the Noahs Ark problem. In doing so, we arrive at a general model for ranking in situ conservation projects accounting for species interrelations and provide an operational cost-effectiveness method for the selection of best preserving diversity projects under a limited budget constraint.