At times certain words become quite fashionable, though nobody is quite sure why. Everyone wants to use them, even as they can have different meanings for different people. In the discussion of climate change in the United States, "sectoral" seems to have achieved this particular honor over the past few months. Before we start, let's do a quick test. When policymakers use the term sectoral, what do they mean? 1. A command-and-control measure at a national level, e.g. low-carbon fuel standard or a sector-specific tax? 2. A transnational cap-and-trade sectoral agreement, e.g. aviation or maritime? 3. A commitment by a …
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