Developing Glasgow Accord for COP-26 using Game Theory
What is it about?
The study develops a framework for decision making, benefiting and rewarding to assure complete self-governance of these nations on the said accord, without making it vulnerable to the political relations among nations. This publication uses predefined elements of Game Theory in order to achieve the required equilibrium, as a base for understanding decision making and proposing a possible system to create an acceptable result for the member nations.
Why is it important?
The UNFCCC hosted its 25th convention, known as COP25, which is considered the biggest failure in the climate change conference due to the failure of 175 nations to agree upon the final details of the Paris Agreement developed in 2015. The aim was to bring together nations across the globe and bringing the global temperature rise to 2°C, which was expected to be around 4.5°C to 6°C. The justifications for the incompetence can be attributed to a variety of aspects, including an inability to implement the intended nationally driven contributions. Since there is no overall governing body that can ensure strong implementation of the accords, the system needs to be self-regulatory without any vulnerability to international politics.