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International environmental agreements with uncertainty, learning and risk aversion

Finus, Michael; Pintassilgo, Pedro; Ulph, Alistair - 2014

This paper analyses the formation of international environmental agreements (IEAs) under uncertainty, focusing on the … role of learning and risk aversion. It bridges two strands of literature: one focused on the role learning for the success … of IEA formation when countries are risk neutral and another that explores the implications of uncertainty and risk …

Persistent link: https://www.econbiz.de/10010234539

The social cost of carbon with intragenerational inequality under economic uncertainty

Ploeg, Frederick van der; Emmerling, Johannes; Groom, … - 2022

A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...

Persistent link: https://www.econbiz.de/10013206181

Closed-form integrated assessment and uncertainty

Traeger, Christian - 2015

is comparable to numeric models used in policy advising. Uncertainty surrounding climate change remains large. The closed …-form expressions of welfare loss from shocks and epistemological uncertainty identify the interaction of (intertemporal) risk attitude …, distributional moments, and the climatic shadow values. Welfare gains from reducing uncertainty about temperature feedbacks are much …

Persistent link: https://www.econbiz.de/10011305430

COP 21 and economic theory : taking stock

Tulkens, Henry - 2016

The texts of the COP 21 Decision and its Annex are scrutinized from the particular point of view of the extent to which economic theoretic concepts can be considered to inspire them. While this is shown to be partially the case in some of the intentions, the texts themselves contain more...

Persistent link: https://www.econbiz.de/10011481364

Provision of a public good with altruistic overlapping generations and many tribes

Karp, Larry S. - 2012

Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...

Persistent link: https://www.econbiz.de/10009571754

Did the Japanese patient follow the doctor's orders? : mostly no! ; a public choice analysis of greenhouse gas emissions trading schemes in Japan before and after the earthquake

Rudolph, Sven; Schneider, Friedrich - 2011

The Great Tôhoku-Earthquake and the following nuclear meltdown in Fukushima called the world's attention to Japans' energy and climate policy. Japan is one of the biggest emitters of greenhouses gases in the world and still far away from reaching its Kyoto target. Emissions trading systems have...

Persistent link: https://www.econbiz.de/10009375686

Self-enforcing intergenerational social contract as a source of Pareto improvement and pollution mitigation

Nguyen Thang Dao; Burghaus, Kerstin; Edenhofer, Ottmar - 2016

We contribute to the literature on private financing of intergenerational public goods, focusing on climate change mitigation. We consider, in a general equilibrium overlapping generations (OLG) model with environmental externalities, a contract between successive generations, whereby agents of...

Persistent link: https://www.econbiz.de/10011474731

Strategic delegation in the formation of modest international environmental agreements

Spycher, Sarah; Winkler, Ralph - 2020

We reassess the well-known "narrow-but-deep" versus "broad-but-shallow" trade-off in international environmental agreements (IEAs), taking into account the principal-agent relationship induced by the hierarchical structure of international policy. To this end, we expand the modest coalition...

Persistent link: https://www.econbiz.de/10012388125

Would my driving pattern change if my neighbor were to buy an emission-free car?

Kverndokk, Snorre; Figenbaum, Erik; Hovi, Jon - 2019

Aiming to reduce the number of brown (polluting) cars on the road, several countries currently promote the purchase and use of green (emission-free) cars through financial and non-financial incentives. We study how such incentives affect consumers who continue to drive brown cars. Using a simple...

Persistent link: https://www.econbiz.de/10012026368

Strategic implications of counter-geoengineering : clash or cooperation

Heyen, Daniel; Horton, Joshua; Moreno Cruz, Juan - 2018

Solar geoengineering has received increasing attention as an option to temporarily stabilize global temperatures. A key concern surrounding these technologies is that heterogeneous preferences over the optimal amount of cooling combined with low deployment costs may allow the country with the...

Persistent link: https://www.econbiz.de/10011884418

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