Global environmental problems are some of the most pressing issues that humanity is facing. There are few examples of success at resolving them; the fight to protect the ozone layer is one of them. This paper provides evidence that the Montreal Protocol’s restrictions on chlorofluorocarbons (CFCs) triggered a substantial increase in research and innovation on alternatives to ozone-depleting molecules. By showing that a low-ambition but binding agreement such as the Montreal Protocol did encourage the development of technological solutions, the paper suggests such agreements are potent tools that dynamically improve the benefit-cost equation of environmental protection and may therefore also be useful to dealing with current problems such as climate change.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/induced-innovation-and-international-environmental-agreements-evidence-ozone
[2] http://www.indiaenvironmentportal.org.in/files/file/ozone regime.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/author/eugenie-dugoua
[4] http://admin.indiaenvironmentportal.org.in/category/publisher/grantham-research-institute-climate-change-and-environment-0
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ozone-layer
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/montreal-protocol
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/cfcs