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Politics and economics of second-best regulation of greenhouse gases : the importance of regulatory credibility
Bosetti, Valentina; Victor, David G. - 2010
Modellers have examined a wide array of ideal-world scenarios for regulation of greenhouse gases. In this ideal world …”—which has a strikingly small impact on total world cost of carbon regulations if international trade in emission credits allows … another factor that analysts have largely ignored: credibility. In the real world governments find it difficult to craft and …
Persistent link: https://www.econbiz.de/10008702084
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Global climate policy architecture and political feasibility: specific formulas and emission targets to attain 460 ppm CO2 concentrations
Bosetti, Valentina; Frankel, Jeffrey A. - 2009
Three gaps in the Kyoto Protocol most badly need to be filled: the absence of emission targets extending far into the future, the absence of participation by the United States, China, and other developing countries, and the absence of reason to think that members will abide by commitments. To be...
Persistent link: https://www.econbiz.de/10008824519
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A good opening : the key to make the most of unilateral climate action
Bosetti, Valentina; De Cian, Enrica - 2011
In this paper we argue that when a subgroup of countries cooperate on emission reduction, the optimal response of non-signatory countries reflects the interaction between three potentially opposing factors, the incentive to free-ride on the benefits of cooperation, the incentive to expand the...
Persistent link: https://www.econbiz.de/10009379764