Climate Change Policy after Kyoto: Blueprint for a Realistic Approach" argues that the current Kyoto Protocol is not working well and puts forward a new, more practical idea for managing carbon emissions. The authors suggest that a successful climate policy should slow down CO2 emissions where it's affordable, compensate those affected financially, require broad agreement at home and abroad, and allow easy entry and continuous participation in the plans. They use economic theories to design a simple framework that reduces greenhouse gases effectively without adding excessive short-term costs. They believe that the path to a lasting and workable international climate agreement involves acknowledging uncertainties and ensuring that the policy is sustainable for all nations.