Toward a Global Science and Technology Policy Agenda for Sustainable Development

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Overview
  • INSTITUTE:
    UNU-MERIT
    PUBLISHER:
    United Nations University Press
    VOLUME:
    Policy Brief No. 4, 2009
    TITLE:
    Toward a Global Science and Technology Policy Agenda for Sustainable Development
    AUTHORS:
    by Luc Soete, Paul A. David, Can Huang and Adriaan van Zon
    PUB DATE:
    2009•12•27
    ISSN WEB:
    1814-8026
    ISBN 10:
    978-92-808-3073-6
    COPYRIGHT:
    Licensed under the Creative Commons Deed “Attribution-NonCommercialNoDerivs 2.5”

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    The current financial crisis has tended to sap the momentum of industrialized countries’ policy steps to address climate change. Given the threat of runaway global warming, adopting a “minimax-regret” strategy is the best policy response: aim to stabilize GHG levels close to present levels. This requires accelerating R&D expenditures targeting technologies that radically reduce marginal costs of GHG emissions control. Making severe emissions cuts less burdensome would reinforce efforts to achieve that goal by “cap-and-trade” programmes and carbon taxes. The global community should commit itself to making major, coordinated investments in a diversified portfolio of climate change R&D, and to providing global access to the emerging technologies.