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Strategic issues in global climate change policy

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  • Clarke, Harry

Abstract

An analysis of prospects for deriving self-enforcing, global, greenhouse gas emission mitigation agreements is provided. Policy spillovers and carbon leakages are accounted for. Situations where mitigation effort should be concentrated in particular countries and where efficient outcomes can be fostered by international trade in emissions permits are discussed. The use of auxiliary policies to transform intractable Prisoner’s Dilemma incentive problems to more tractable problems, the role of policy commitments and the strategic implications of ‘no regret’ and ‘adaptation’ policies are analysed. Dynamic and repeated game formulations are outlined.

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File URL: http://purl.umn.edu/162001
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Bibliographic Info

Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural and Resource Economics.

Volume (Year): 54 (2010)
Issue (Month): 2 (June)
Pages:

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Handle: RePEc:ags:aareaj:162001

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Related research

Keywords: climate change; global; mitigation; strategic analysis; Environmental Economics and Policy;

References

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  1. Frank Convery & Christian De Perthuis & Denny Ellerman, 2008. "The European Carbon Market In Action: Lessons From The First Trading Period. Interim Report," Working Papers 0802, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
  2. Ernst Fehr & Simon Gaechter, . "Fairness and Retaliation: The Economics of Reciprocitys," IEW - Working Papers 040, Institute for Empirical Research in Economics - University of Zurich.
  3. Stiglitz Joseph, 2006. "A New Agenda for Global Warming," The Economists' Voice, De Gruyter, vol. 3(7), pages 1-4, July.
  4. Kjell Arne Brekke & Olof Johansson-Stenman, 2008. "The behavioural economics of climate change," Oxford Review of Economic Policy, Oxford University Press, vol. 24(2), pages 280-297, Summer.
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