than from their endowment. We show that in a symmetric world of poorly-endowed countries the equilibrium level of emissions … increased keeping the total number of countries constant, the equilibrium level of global emissions will decrease; if the lot of …

the world mean temperature exceeding 2 degrees Celsius. To achieve the two degree target, the cumulated global emissions …-effective policy of restricting emissions to the global carbon budget. In its simplest form, the cost-effective global policy is shown …-effective regulation may require the abating country to tax its first-period consumption and to tax or subsidize its emissions in the first …

tighter climate policies. In this paper, we study the strategic interactions between international trade and climate policy … credible threat to force non-abating countries to implement stricter climate policies. We show that the terms of trade effects … demonstrate that WTO conform BCA increases the effectiveness of climate policy and forces trading partners to reduce emissions …