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Persistent link: https://www.econbiz.de/10002436563
We offer a framework to assign quantitative allocations of emissions of greenhouse gases (GHGs), across countries, one budget period at a time. Under the two-part plan: China, India, and other developing countries accept targets at Business as Usual (BAU) in the coming budget period, the same...
Persistent link: https://www.econbiz.de/10014176971
Before 2005 when the Kyoto Protocol went into force, the Framework Convention of Climate Change (FCCC) did not impose any binding restrictions on carbon emissions of member countries. Many argue that such a treaty would not reduce carbon emissions. In this paper, we investigate the effect of...
Persistent link: https://www.econbiz.de/10014182556
world oil price. For China and the United States, this savings might well cover the full cost of the proposed initial …
Persistent link: https://www.econbiz.de/10014200558
Is inequality within countries relevant for global climate policy? Most burden-sharing proposals for climate mitigation treat states as homogenous agents, even those that aim to protect individual rights. This can lead to free riders in some large emerging economies and expose the poor to...
Persistent link: https://www.econbiz.de/10014159485
This article assesses the European Union's positive performance in achieving its own Kyoto Protocol target, differently from the other Annex I countries. The analysis highlights a quite heterogeneous situation across Member States. The simultaneous contribution of both the EU Emission Trading...
Persistent link: https://www.econbiz.de/10014161967
Significant progress in the multilateral negotiations on climate change will only be made if civil society and in … particular business and industry stakeholders actively contribute to shape it. Admitted to the international negotiations in the … Montreal Protocol on ozone-depleting substances, the World Trade Organization, the European Union and the Asian Pacific …
Persistent link: https://www.econbiz.de/10014165748
The purpose of the present paper is to describe the role of uncertainty and technical change in an environmental context. Which impact does ecological uncertainty have on physical and R&D investments' decisions? How are pollution trajectories modified when uncertainty is taken into account? To...
Persistent link: https://www.econbiz.de/10014124481
On September 6, 2019, the Justice Department announced that it was investigating four automakers (Ford, Honda, BMW, and VW) to determine if they had violated the antitrust laws by agreeing with the state of California to adhere to higher standards for tailpipe emissions than those proposed by...
Persistent link: https://www.econbiz.de/10014104234
The Kyoto Treaty is flawed in that it attempts to tackle greenhouse gas emissions, rather than climate instability. This article describes a new financial instrument, Climate Stability Bonds, which would inject market incentives into the achievement of a stable climate. The bonds would be...
Persistent link: https://www.econbiz.de/10014109476