摘要
Global environmental meeting, legislating a reduction in the emission of greenhouse gases for planet earth, is what mankind now hopes for, having realized the enormous dangers in the process of climate change. Global warming is no longer denied by the so-called cornucopians （e.g. Lomberg）, but global policy-making originating in reunions of 190 governments or more stumble on collective action difficulties, spelled out in game theory. Paris will not succeed where Copenhagen failed, namely to arrive at a binding and enforceable global environment policy that will be implemented before it is too late. Instead, there will be massive transaction costs from negotiating and re-negotiating, endless voting, the making of promises exante and reneging ex post, as well as the futile attempts at any enforcement action, given state sovereignty. Mankind will have to learn how to cope with the outcomes of global warming, as resilience is the only hope.
