Climate change economics and international climate policy research suffers from the inconsistency resulting from its top-down approach in implementing the principle of "common but differentiated responsibilities''. We study the non-binding targets proposal that enables firms in developing...

Industrialized countries and emerging economies must cooperate in order to decarbonize the emissions-intensive industrial sector and to limit global warming to 1.5 degrees Celsius. While Germany and the other G7 countries have committed to supporting emerging economies in their efforts to combat...

This paper compares the Kyoto Protocol and the Paris Agreement in the dynamic game of Battaglini and Harstad (2016). The symmetric Nash bargaining solution reflects the Kyoto Protocol, whereas in the Paris Agreement coalition countries maximize a country-specific asymmetric Nash product. In the...

Plurilateral initiatives are again gaining importance in climate diplomacy as a complement to multilateral efforts – not least in view of the lack of progress in implementing the Paris Agreement and more difficult conditions in the UN process. New alliances are expected to facilitate agreement...