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sovereign nations, we analyze self-enforcing climate-change treaties that are supportable as subgame perfect equilibria. In … simulations based on current conditions, we explore the structure of a selfenforcing agreement that achieves efficient climate …
Persistent link: https://www.econbiz.de/10012998790
Economic models of climate policy (or policies to combat other environmental problems) typically neglect psychological … environment. The present paper addresses these issues in a simple model of tax policy to combat climate change and elaborates on … the consequences for optimal climate policies and argues from a normative point of view that psychological adaptation …
Persistent link: https://www.econbiz.de/10013315603
investigated. Participants from Beijing were offered the opportunity to contribute to voluntary climate change mitigation by … Shenzhen ETS permits indicating that a substantial part of the revealed demand for voluntary climate change mitigation in … private benefits in the voluntary provision of the global public good climate change mitigation and provides first …
Persistent link: https://www.econbiz.de/10012917519
In this paper we discuss the global negotiations now underway and aimed at achieving new climate change mitigation and … ongoing global negotiations on climate change and further rounds will almost certainly follow. We highlight both the vast … absence in Kyoto of compliance/enforcement mechanisms, and growing linkage to non-climate change areas (principally trade) all …
Persistent link: https://www.econbiz.de/10013316450
climate policy. In this paper we therefore contribute to the literature by assessing the implications of low … indicate the importance of tail risk and call for foresighted pre-emptive climate policies …
Persistent link: https://www.econbiz.de/10013139799
The focus of the green paradox literature has been either on demand-side climate policies or on effects of … no green paradox if supply-side climate policies are aimed at high-cost carbon reserves. If instead low-cost reserves are … removed, the possibility that both early and total emissions increase cannot be ruled out. Hence, "wrong" supply-side climate …
Persistent link: https://www.econbiz.de/10013086981
To decarbonize the power sector policy-makers need to commit to long-term credible rules for climate and energy policy … realistic cases where only a limited fraction of climate uncertainty resolves, where future policy-makers have own agendas, or …
Persistent link: https://www.econbiz.de/10012960475
Conventional wisdom argues that environmental policy is less costly if environmental policy induces the development of cleaner technologies. In contrast to this argument, we show that the cost of environmental policy (a reduction in emissions) may be larger with induced technical change than...
Persistent link: https://www.econbiz.de/10013090604
We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is …
Persistent link: https://www.econbiz.de/10012958888
climate change over people with different incomes and in different jurisdictions. Implicitly or explicitly, such estimates … cost of carbon and hence the optimal intensity of climate policy …
Persistent link: https://www.econbiz.de/10013316482