Showing 1 - 8 of 8
Voluntary participation can improve multilateral environmental governance. We develop a theory of voluntary participation in federal environmental policy by states of differing wealth. Using a general equilibrium model, we formalize voluntary participation by a Pareto-improving federal emission...
Persistent link: https://www.econbiz.de/10012854472
income in pollution mitigation in exchange for a transfer to their old-age capital income paid by the next generation. We … bargaining leads to a steady state with lower pollution stock and higher income compared to the steady state without a contract … improving mitigation is no longer possible and the economy converges to a steady state with high pollution stock and low income …
Persistent link: https://www.econbiz.de/10012989035
Green fiscal reforms would contribute to climate change mitigation, increase the economic efficiency of national tax systems and provide additional public revenues. Some countries in Latin America have already taken first steps towards green fiscal reforms. This outlook article provides an...
Persistent link: https://www.econbiz.de/10011983269
The authors propose a policy package of low-carbon growth stimulation through a steep increase in sustainable infrastructure, mobilizing sustainable finance, and adoption of carbon pricing to simultaneously achieve the objectives of the Paris Agreement and the Sustainable Development Goals.
Persistent link: https://www.econbiz.de/10011750591
Green fiscal reforms would contribute to climate change mitigation, increase the economic efficiency of national tax systems and provide additional public revenues. Some countries in Latin America have already taken first steps towards green fiscal reforms. This paper provides an overview of the...
Persistent link: https://www.econbiz.de/10011963186
A major concern in climate negotiations is that decarbonization may significantly hurt the development process. This paper shows that international specialization can contribute to making environmental and economic objectives compatible. When carbon efficiency differs between two trading...
Persistent link: https://www.econbiz.de/10010337285
An economy with clean and dirty intermediate inputs may fall into a trap characterized by low environmental quality and low life expectancy, while the others converge to opposite steady states. We propose new strategies towards sustainable growth. They include: (i) taxes (subsidies) imposed on...
Persistent link: https://www.econbiz.de/10010371912
The authors propose a policy package of low-carbon growth stimulation through a steep increase in sustainable infrastructure, mobilizing sustainable finance, and adoption of carbon pricing to simultaneously achieve the objectives of the Paris Agreement and the Sustainable Development Goals.
Persistent link: https://www.econbiz.de/10011673985