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Technology, Unilateral Commitments and Cumulative Emissions Reduction

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  • Shurojit Chatterji
  • Sayantan Ghosal

Abstract

In this article, we argue that weak property rights over transnational pollution and the limited threat of retaliatory punishments blunts the effectiveness of a broad-based multilateral agreement to deliver the emission reductions required to mitigate climate change. Instead, we propose a policy framework that builds on unilateral commitments, endogenous innovation and technology transfer that could lead to cumulative emissions reduction by altering the participation constraints of nations over time. (JEL codes: Q54, F53, Q50) Copyright , Oxford University Press.

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File URL: http://hdl.handle.net/10.1093/cesifo/ifp009
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Bibliographic Info

Article provided by CESifo in its journal CESifo Economic Studies.

Volume (Year): 55 (2009)
Issue (Month): 2 (June)
Pages: 286-305

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Handle: RePEc:oup:cesifo:v:55:y:2009:i:2:p:286-305

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Cited by:
  1. Gersbach, Hans & Hummel, Noemi, 2011. "Climate Policy and Developing Countries," CEPR Discussion Papers 8685, C.E.P.R. Discussion Papers.
  2. David Hendry, 2010. "Climate Change: Lessons for our Future from the Distant Past," Economics Series Working Papers 485, University of Oxford, Department of Economics.
  3. Selvaretnam, Geethanjali & Thampanishvong, Kannika, 2010. "Future of the Clean Development Mechanism in Tackling Climate Change," SIRE Discussion Papers 2010-35, Scottish Institute for Research in Economics (SIRE).
  4. Chatterji, Shurojit & Ghosal, Sayantan & Walsh, Sean & Whalley, John, 2013. "Unilateral Emissions Mitigation, Spillovers, and Global Learning," SIRE Discussion Papers 2013-87, Scottish Institute for Research in Economics (SIRE).
  5. Hans Gersbach & Noemi Hummel, 2009. "Climate Policy and Development," CESifo Working Paper Series 2807, CESifo Group Munich.
  6. Chatterji, Shurojit; Ghosal, Sayantan; Walsh, Sean; Whalley, John, 2010. "Unilateral Measures and Emissions Mitigation," CAGE Online Working Paper Series 09, Competitive Advantage in the Global Economy (CAGE).
  7. Chatterji, Shurojit & Ghosal, Sayantan & Walsh, Sean & Whalley, John, 2009. "Unilateral measures and global emissions mitigation," The Warwick Economics Research Paper Series (TWERPS) 915, University of Warwick, Department of Economics.

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