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Whereas the US President signed the Kyoto Protocol, the failure of the US Congress to ratify it seriously hampered subsequent international climate cooperation. This recent US trend, of signing environmental treaties but failing to ratify them, could thwart attempts to come to a future climate...
Persistent link: https://www.econbiz.de/10011103738
Using a repeated-game model, we demonstrate that by limiting the punishment for non-compliance, a climate agreement with full participation can be sustained as a weakly renegotiation-proof equilibrium even without watering down abatement levels.
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Strong rhetorical differences between the European Union and the United States on climate matters have been evident for almost two decades. Since the mid-2000s, such differences are becoming visible in their respective climate policies as well. We propose three explanations for differences in...
Persistent link: https://www.econbiz.de/10011009792
This timely and important Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be achieved. Twenty years on from the publication of the seminal Brundtland Report, it has become clear that formidable challenges confront policy...
Persistent link: https://www.econbiz.de/10011118982
Why is it so difficult to change the energy policy status quo away from dependence on fossil fuels when the need to become less dependent on imported oil seems to be generally accepted by US politicians? In recent energy debates in the House and Senate, references to climate change and energy...
Persistent link: https://www.econbiz.de/10008522893
Congestion is a subject of considerable importance, particularly in outdoor recreation. This article comments on a recent review of the literature on the economics of congestion. The purpose of this article is to formally distinguish between the subjective and objective effects of crowding and...
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