Aldy on how US seeks a plan to 'trust but verify' at climate talks
The United States, like many other countries, has been participating in negotiations in the lead-up to the United Nations' conference on climate change in Paris. The goal is to craft a policy framework that is going to engage all countries in combating global warming and establish institutions that can continue to spur more ambitious efforts over time.
There are two key challenges in the international negotiations. First, the international community needs to develop and implement a meaningful transparency-and-review mechanism to verify countries are meeting their voluntary pledges.