In December 2009, the 15th Annual UN Climate Change Conference ended without a globally binding agreement to reduce greenhouse gas emissions. The outcomes from the 2010 talks in Cancún were equally non-committing. Among the reasons for these failures were concerns of emerging nations such as India and China that limits on carbon-dioxide emissions would impair their ability to further grow their economies. Given the evidence we outline below, they probably have a valid point.
The Institute for Integrated Economic Research is a Switzerland and U.S. based based non-profit organization focused on developing new macroeconomic models for academic and policy-making purposes. The objective is to establish a thorough understanding of mechanisms and constraints underpinning human economic activity, and turn this knowledge into models and policy advice for the future.