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evolution of all indicators over time throughout the world, and (ii) the aggregation methodology to reconcile them in one … current sustainability at world level differs from what the traditional measure of well-being, the GDP, depicts, highlighting … the trade-offs among different components of sustainability. Moreover, in the next decade a slight decrease in world …
Persistent link: https://www.econbiz.de/10010603772
This paper discusses the merits and limits of the recent European energy policy aimed at reducing carbon emissions, devoting particular attention to the European Trading System of carbon permits and to the measures that the European Union has adopted to promote renewable energy sources. From the...
Persistent link: https://www.econbiz.de/10008828388
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/10009421230
with the biggest gap between rich and poor in the world. The carbon equity should be an urgency and priority in the climate …
Persistent link: https://www.econbiz.de/10009002681
We show that adaptive measures undertaken by countries in the face of climate change, apart from directly reducing the damage caused by climate change, may also indirectly mitigate greenhouse gas emissions by increasing the stable size of international agreements on emission reductions....
Persistent link: https://www.econbiz.de/10009002688
The paper examines future energy and emissions scenarios in China, presenting historical data and scenarios generated using the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with four scenarios in which Greenhouse Gases emissions are taxed, at different levels. Key...
Persistent link: https://www.econbiz.de/10009002689
China’s emerging standing in the world demands a major rethinking of its diplomatic strategies. Given its population …
Persistent link: https://www.econbiz.de/10009002690
The aim of the paper is to present evidence that China and India are, and will remain, two very different actors in international negotiations to control global warming. We base our conclusions on historical data and on scenarios until 2050. The Business-as-Usual scenario (BaU) is compared to...
Persistent link: https://www.econbiz.de/10009002699
In this paper we characterize the preferences of a pessimistic social planner concerned with the potential costs of extreme, low-probability climate events. This pessimistic attitude is represented by a recursive optimization criterion à la Hansen and Sargent (1995) that introduces...
Persistent link: https://www.econbiz.de/10010757695
levels proposed by the European Community; the rest of the world is represented by 21 geo-political countries/regions. It is …
Persistent link: https://www.econbiz.de/10010770385