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Projections and Uncertainties About Climate Change in an Era of Minimal Climate Policies
Nordhaus, William D. - 2016
Climate change remains one of the major international environmental challenges facing nations. Up to now, nations have to date adopted minimal policies to slow climate change. Moreover, there has been no major improvement in emissions trends as of the latest data. The current study uses the...
Persistent link: https://www.econbiz.de/10012977286
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On a World Climate Assembly and the Social Cost of Carbon
Weitzman, Martin - 2016
This paper postulates the conceptually useful allegory of a futuristic “World Climate Assembly” (WCA) that votes for a … emitter's single-peaked most-preferred world price of carbon emissions to the world “Social Cost of Carbon” (SCC). The second … and third propositions relate the WCA-voted world price of carbon to the world SCC. I argue that the WCA-voted price and …
Persistent link: https://www.econbiz.de/10012979375
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Will the Paris Accord Accelerate Climate Change?
Kotlikoff, Laurence J. - 2016
The 2015 Paris Accord is meant to control our planet's rising temperature. But it may be doing the opposite in gradually, rather than immediately reducing CO2 emissions. The Accord effectively tells dirty-energy producers to "use it or lose it." This may be accelerating their extraction and...
Persistent link: https://www.econbiz.de/10012981109
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Climate Policy Under Cooperation and Competition between Regions with Spatial Heat Transport
Cai, Yongyang - 2018
We build a novel stochastic dynamic regional integrated assessment model (IAM) of the climate and economic system including a number of important climate science elements that are missing in most IAMs. These elements are spatial heat transport from the Equator to the Poles, sea level rise,...
Persistent link: https://www.econbiz.de/10012922987
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Linkage of Greenhouse Gas Emissions Trading Systems : Learning from Experience
Ranson, Matthew - 2015
The last ten years have seen the growth of linkages between many of the world's cap-and-trade systems for greenhouse … loss of control over domestic carbon policies, which do not appear to have deterred real-world decisions to link …
Persistent link: https://www.econbiz.de/10013034381
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International Policy Coordination : The Long View
Eichengreen, Barry - 2013
This paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized - when...
Persistent link: https://www.econbiz.de/10013091942
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The International Monetary System : Living with Asymmetry
Obstfeld, Maurice - 2013
system: international liquidity and exchange rate management. Despite radical changes since World War II in the market …
Persistent link: https://www.econbiz.de/10013092069
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The Gold Pool (1961-1968) and the Fall of the Bretton Woods System. Lessons for Central Bank Cooperation
Bordo, Michael D. - 2017
The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central banks pooled interventions – sharing profits and losses – to stabilize the dollar price of gold. Why did it collapse? From at least 1964, the fate of the Pool was in fact tied...
Persistent link: https://www.econbiz.de/10012943606
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How the World Achieved Consensus on Monetary Policy
Goodfriend, Marvin - 2010
This article tells how the world achieved a working consensus on the core principles of monetary policy. The story …
Persistent link: https://www.econbiz.de/10012759712
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Linkage of Tradable Permit Systems in International Climate Policy Architecture
Jaffe, Judson L.; Stavins, Robert N. - 2021
greenhouse gases throughout the industrialized world, and the Clean Development Mechanism -- an international emission …
Persistent link: https://www.econbiz.de/10013224419