Multilateral Environmental Agreements up to 2050: Are They Sustainable Enough?
AbstractToday, reducing CO2 emissions is a global target which nearly all countries in the worldprioritize. Some countries have ratified up to 30 multilateral environmental agreementsregarding the atmosphere up to 2006. This number has been surging since 1989 after theratification of the Montreal Protocol. Following the findings of the inverted U-shapedEnvironmental Kuznets Curve and applying a spline model, I can show the beneficialimpact of the rising number of multilateral environmental agreements on the forecastsof CO2 emissions up to 2050. My results indicate that the number of atmosphere-relatedmultilateral environmental agreements generates good will among global cooperationefforts towards reducing CO2 emissions and therefore provides a good basis foreffective programs to stop climate change.
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Bibliographic InfoPaper provided by Ifo Institute for Economic Research at the University of Munich in its series Ifo Working Paper Series with number Ifo Working Paper No. 98.
Date of creation: 2011
Date of revision:
Climate change; CO2 emissions; environmental agreements; forecasting; spline model;
Find related papers by JEL classification:
- C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
- E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
- F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
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