. Keywords: climate change mitigation, global refunding scheme, international permit markets, international agreements, tradeable … of total reimbursements per period The share is negotiated before the global refunding scheme starts operating. Refunding … Winkler (2007) have designed a global refunding scheme in which each country determines its own emission tax, while part of …

We design a global refunding scheme as a new international approach to address climate change. A global refunding … emissions. In a simple model we show that a suitably designed global refunding scheme is self-enforcing and achieves the social …

We design a global refunding scheme as a new international approach to address climate change. A global refunding … emissions. In a simple model we show that a suitably designed global refunding scheme is self-enforcing and achieves the social …@ethz.ch First Version: January 2007 This Version: June 2007 Abstract We design a global refunding scheme as a new international …

We design a global refunding scheme as a new international approach to address climate change. Participating in the … problem. In a simple model we show that a suitably designed global refunding scheme achieves the social global optimum …