Countries have pledged to stabilize global warming at a 1.5 to 2êC increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...

Asheim et al. (2006, Journal of Environmental Economics and Management, vol.51, pp.93-109) show that participation in international environmental agreements (IEAs) can be doubled in a two-region world by the Regional Penance strategy, designating countries that are permitted to punish...

This research aims to relax the condition in which international environmental agreements consists of asymmetric countries are sustained for a long-term, considering a repeated game model and the effect of ancillary benefits. We suppose all countries have the feature of two-sided asymmetry: the...

This paper aims at increasing the choice of regional agreements where developed and developing countries participate, by considering two strategies. We present a new strategy based on that of Asheim et al. (2006, Journal of Environmental Economics and Management, vol.51, pp.93-109), designating...

Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years: fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...

This paper considers whether international environmental public goods provision bring significant benefits to countries with through a regional cooperation than a global cooperation. Using a repeated game model, this study shows that the regional cooperative approach is an appropriate way to...

Countries have pledged to stabilize global warming at a 1.5 to 2°C increase. Either target requires reaching net zero emissions before the end of the century, which implies a major transformation of the economic system. This paper reviews the literature on how policymakers can design climate...

Carbon markets are substantial and expanding. There are many lessons from experience over the past 9 years: fewer free allowances, careful moderation of low and high prices, and a recognition that trading systems require adjustments that have consequences for market participants and market...

Carbon markets are substantial and they are expanding. There are many lessons from experiences over the past eight years -- fewer free allowances, better management of market-sensitive information, and a recognition that trading systems require adjustments that have consequences for market...