climate policy, as it has been understood and practised by many governments of the world under the kyoto protocol approach, has failed to produce any discernible real world reductions in emissions of greenhouse gases in fifteen years. the underlying reason for this is that the unfccc/kyoto model was structurally flawed and doomed to fail because it systematically misunderstood the nature of climate change as a policy issue between 1985 and 2009. however, the currently dominant approach has acquired