Barrett, Scott - In: Journal of Environmental Economics and Management 66 (2013) 2, pp. 235-250
If the threshold that triggers climate catastrophe is known with certainty, and the benefits of avoiding catastrophe … net benefits of avoiding catastrophe are lower, treaties typically fail to help countries cooperate to avoid catastrophe …, sustaining only modest cuts in emissions. These results are unaffected by uncertainty about the impact of catastrophe. By …