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This paper analyzes the formation of self-enforcing climate agreements, or stable climate coalitions, when all countries have the option to fight climate change by purchasing (the right to extract) fossil-energy deposits. First, we consider the stand-alone deposit purchase policy and then...
Persistent link: https://www.econbiz.de/10011521135
In the world economy with interdependent markets for fossil fuel and deposits, some coalition of countries fights climate change by purchasing and preserving fossil fuel deposits, which would be exploited otherwise. If the coalition's policy parameters are the demand and supply of deposits...
Persistent link: https://www.econbiz.de/10011521136
In Harstad´s (2012) model, climate damage only hits one group of countries, called the coalition, and the coalition´s climate policy consists of capping own fuel demand and supply combined with the purchase of fossil fuel deposits for preservation. Harstad´s Theorem 1 states that if the...
Persistent link: https://www.econbiz.de/10011521137
In Harstad's (2012) model, climate damage only hits one group of countries, called the coalition, and the coalition's climate policy consists of capping own fuel de- mand and supply combined with the purchase of fossil fuel deposits for preserva- tion. Harstad's Theorem 1 states that if the...
Persistent link: https://www.econbiz.de/10011527785
We analyze strategies to conserve worldwide biodiversity assuming that biodiversity and ecosystem services are positively correlated with that share of land that is effectively protected by land-use restrictions against the deterioration of ecosystems (land-use approach). The willingness-to-pay...
Persistent link: https://www.econbiz.de/10011527872
This note investigates the suitability of unilateral consumption taxes for alleviating climate change in a two-period two-country general equilibrium model with a finite stock of fossil fuel. We analyze the incidence of a unilateral consumption tax in the first period on world carbon emissions....
Persistent link: https://www.econbiz.de/10010281774
Internalizing the global negative externality of carbon emissions requires flattening the extraction path of world fossil energy resources (= world carbon emissions). We consider governments having sign-unconstrained emission taxes at their disposal and seeking to prevent world emissions from...
Persistent link: https://www.econbiz.de/10010281780
Internalizing the global negative externality of carbon emissions requires flattening the extraction path of non-renewable fossil-fuel resources (= world carbon emissions). Following Eichner and Pethig (2011b) we set up a two-country two-period model in which one of the countries represents a...
Persistent link: https://www.econbiz.de/10010281784
Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in the world mean temperature exceeding 2ê Celsius. To achieve the two degree target, the cumulated global emissions must not exceed some limit, the so-called global carbon...
Persistent link: https://www.econbiz.de/10010281785
The basic model of the literature on self-enforcing international environmental agreements is a model of autarkic countries. We extend that model by international trade and investigate its impact on the performance of Nash coalitions and on their stability, in particular, in a general...
Persistent link: https://www.econbiz.de/10010287566