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Weitzman (2014) proposed that focusing international climate negotiations on a uniform carbon price is more effective than Paris style negotiations in achieving ambitious climate action. We put this hypothesis to an experimental test by simulating international negotiations on climate change in...
Persistent link: https://www.econbiz.de/10012500178
Weitzman, M.L. (2014. Can negotiating a uniform carbon price help to internalize the global warming externality? J. Assoc. Environ. Resour. Econ. 1: 29-49) proposed that focusing international climate negotiations on a uniform common commitment (such as a uniform carbon price) is more effective...
Persistent link: https://www.econbiz.de/10014436823
impatience, and the private cost of geoengineering. We determine the impact of asymmetry on mitigation and SRM activities …, concentration of GHGs, and global temperature, and we examine whether a trade-off actually emerges between mitigation and SRM. Our … results could provide some insights into a currently emerging debate regarding mitigation and SRM methods to control climate …
Persistent link: https://www.econbiz.de/10010459892
mitigation and adaptation, carbon and solar geoengineering span the universe of possible climate policies. Their wildly different …
Persistent link: https://www.econbiz.de/10011853285
potential policies against climate change: mitigation, which is the traditional policy, and geoengineering. We analyze the … optimal policy mix of geoengineering and mitigation in both a cooperative and a noncooperative framework, in which we study …
Persistent link: https://www.econbiz.de/10009756319
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in a two-country overlapping generations model with producer carbon emissions. We show that, for a net foreign debtor country, the domestic welfare costs of a unilateral domestic...
Persistent link: https://www.econbiz.de/10013070789
The 27th Conference of the Parties (COP 27) to the United Nations Framework Conven­tion on Climate Change (UNFCCC) in Sharm el-Sheikh, Egypt, was marked by multiple crises and the shaken confidence of developing countries in the multilateral process. Nonetheless, an agreement was reached on the...
Persistent link: https://www.econbiz.de/10014225586
We model countries' choice of greenhouse gas (GHG) emissions as a dynamic game. Emissions generate immediate benefits to the emitting country but also increase atmospheric GHG concentrations that negatively affect present and future welfare of all countries. Because there are no international...
Persistent link: https://www.econbiz.de/10011414709
Climate negotiations have been going on for the last two decades and the awareness for impacts of climate change has improved substantially. However, the trends of global CO2 emissions did not reveal any encouraging signs, with developing countries emitting even more CO2 and industrialized...
Persistent link: https://www.econbiz.de/10011568374
The rationale of voluntary corporate initiatives is often explained with preparedness for future regulation. We test this hypothesis for the Chicago Climate Exchange (CCX) and the Climate Leaders (CL), two popular voluntary US environmental programs to curb carbon emission that were operating...
Persistent link: https://www.econbiz.de/10011569698