This paper compares the Kyoto Protocol and the Paris Agreement in the dynamic game of Battaglini and Harstad (2016). The asymmetric Nash solution of this game reflects the Paris Agreement, whereas the symmetric Nash solution reflects the Kyoto Protocol. In a large set of economies, the Kyoto...

This article summarizes the insights of an Energy Modeling Forum study on the magnitude and distribution of economic adjustment costs to greenhouse gas emission constraints in the aftermath of the Paris Agreement where countries voluntarily committed themselves to Nationally Determined...