We study a dynamic game of climate policy design in terms of emissions and solar radiation management (SRM) involving two heterogeneous regions or countries. Countries emit greenhouse gasses (GHGs), and can block incoming radiation by unilateral SRM activities, thus reducing global temperature....

We incorporate three important aspects of current climate policy, unilateralism, demand side approach and a climate target, in a multi-country model with flow dependent fossil fuel extraction costs and a backstop. It turns out that the optimal climate coalition should encompass all countries...

The looming climate crisis calls for the development of novel forms of response, but so far, climate change action does not meet its ambitions to tackle the issue. Voluntary Carbon Markets (VCMs) are one proposed solution to bridge the gap. However, VCMs are criticized for not providing real...

In their book Climate Change Justice, Eric Posner and David Weisbach advocate adoption of an economically optimal climate treaty coupled with foreign aid (to handle distributional issues with poor countries) and increased investment (to transfer funds to future generations harmed by climate...

Given the high levels of greenhouse gases already in the atmosphere and the likelihood of growing emissions in the future, even aggressive limits on greenhouse gas emissions might ultimately fail to prevent dangerous climate disruptions. To prepare for this risk, some scientists have started to...

We study the United Nations Organization's Kyoto Protocol nations to address two questions. First of all, what are the environmental production efficiency rankings of these nations? Secondly, is there a relationship between a nation's ratification status and its environmental production...

This article explains why policy makers should seriously consider substantial early reductions in greenhouse gas emissions as a part of any post-Kyoto framework, and sets out suggested elements of a framework for early action in a post-Kyoto agreement. Substantial early reductions are needed...

Having risen from relative obscurity as few as ten years ago, climate change now looms large among environmental policy issues. Its scope is global; the potential environmental and economic impacts are ubiquitous; the potential restrictions on human choices touch the most basic goals of people...

Global climate change ? perhaps even more than other environmental problems ? can be addressed successfully only with a solid understanding of its economic dimensions. This paper, prepared as an introduction to the economics section of a forthcoming book from the Pew Center on Global Climate...