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Bilateral trade and capital flows have increased substantially between the United States and China yielding economic … (United States) and the South (China) in the presence of a global pollution externality. Each country's share of global … pollution depends on its share of world capital. The authors show that, if the disutility of pollution in the United States is …
Persistent link: https://www.econbiz.de/10010413242
Bilateral trade and capital flows have increased substantially between the United States and China yielding economic …) and the South (China) in the presence of a global pollution externality. Each country's share of global pollution depends … on its share of world capital. We show that, if the disutility of pollution in the United States is high, there will be …
Persistent link: https://www.econbiz.de/10010221728
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This paper explains how, in the context of incomplete coordination among all countries, unilateral policies that might at first sight seem pro-green could actually turn out to harm the global environment. The free-riding motives and the difficulty of reaching an effective international...
Persistent link: https://www.econbiz.de/10010245993
The consequences of the 2ʿ C climate target and the implicitly imposed ceiling on CO2 have been analyzed in several studies. We use an endogenous rowth model with a ceiling and a carbon capture and storage (CCS) technology to study the effect of the ceiling on the allocation of limited funds...
Persistent link: https://www.econbiz.de/10010246772
After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top …
Persistent link: https://www.econbiz.de/10010373734
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