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alternative approach to transparency, I evaluate policy surveillance under the 2009 G-20 fossil fuel subsidies agreement. The …. The G-20 leaders agreed to submit their subsidy reform strategies to peer review and to independent expert review …
Persistent link: https://www.econbiz.de/10011451155
The Kyoto Protocol stipulates that industrialised countries and countries with economies in transition, i.e. the group of Annex I countries, shall reduce their overall emissions of carbon dioxide and other five greenhouse gases by at least 5 % as compared to their 1990 emission levels. This...
Persistent link: https://www.econbiz.de/10011608624
We study the potential of cooperation in global emission abatements with multiple externalities. Using a two-country model without side-payments, we identify the strategic effects under different timing regimes of cooperation. We obtain a positive complementarity effect of long-term cooperation...
Persistent link: https://www.econbiz.de/10010333810
A two-tier climate club exploits the comparative advantage of large countries to mete out punishments through trade, while taking their capacity to resist punishment as a constraint. Countries outside the coalition price carbon at a fixed fraction of the average carbon price adopted within the...
Persistent link: https://www.econbiz.de/10013353443
The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world's first …
Persistent link: https://www.econbiz.de/10010312622
In this paper we focus on how an international carbon treaty will influence the exploration of oil in Non-OPEC countries. We present a numerical intertemporal global equilibrium model for the fossil fuel markets. The international oil market is modelled with a cartel (OPEC) and a competitive...
Persistent link: https://www.econbiz.de/10011608453
International climate protection investments (Joint Implementation and Clean Development Mechanism projects) are burdened with problems of contract enforcement, which prevent the realisation of efficiency gains associated with these investments. The paper analyses this problem from the...
Persistent link: https://www.econbiz.de/10011608478
externalities within each country are corrected through a domestic subsidy of R&D investments. We compare the properties of … an international agreement controlling abatements directly through emission quotas, the equilibrium R&D subsidy is lower … that the socially optimal subsidy. The equilibrium subsidy is even lower if the climate agreement does not specify emission …
Persistent link: https://www.econbiz.de/10011324974
Technological development is likely to play an important role in curbing growth in greenhouse gas emissions. It is therefore important to incorporate factors influencing technological change in climate policy analyses. This paper studies climate policy when there are technology spillovers...
Persistent link: https://www.econbiz.de/10011325064
We study climate policy when there are technological spillovers between countries, and there is no instrument that (directly) corrects for these externalities. Without an international climate agreement, the (non-cooperative) equilibrium depends on whether countries use tradable quotas or carbon...
Persistent link: https://www.econbiz.de/10010284316