The impact of the unilateral EU commitment on the stability of international climate agreements
Abstract
In this paper we analyze the negotiation strategy of the European Union regarding the formation of an international climate agreement for the post-2012 era. We use game theoretical stability concepts to explore incentives for key players in the climate policy game to join future climate agreements. We compare a minus 20 percent unilateral commitment strategy by the EU with a multilateral minus 30 percent emission reduction strategy for all Annex-B countries. Using a numerical integrated assessment climate-economy simulation model, we find that carbon leakage effects are negligible. The EU strategy to reduce emissions by 30% (compared to 1990 levels) by 2020 if other Annex-B countries follow does not induce participation of the USA with a similar 30% reduction commitment. However, the model shows that an appropriate initial allocation of emission allowances may stabilize a larger and more ambitious climate coalition than the Kyoto Protocol in its first commitment period.Download Info
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Paper provided by Katholieke Universiteit Leuven in its series Open Access publications from Katholieke Universiteit Leuven with number urn:hdl:123456789/230900.Length: 27 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:ner:leuven:urn:hdl:123456789/230900
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Web page: http://www.kuleuven.be
Related research
Keywords:Other versions of this item:
- BRECHET, Thierry & EYCKMANS, Johan & GERARD, François & MARBAIX, Philippe, 2008. "The impact of the unilateral EU commitment on the stability of international climate agreements," CORE Discussion Papers 2008061, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Bréchet, Thierry & Eyckmans, Johan & Gerard, François & Marbaix, Philippe & Tulkens, Henry & van Ypersele, Jean-Pascal, 2008. "The impact of the unilateral EU commitment on the stability of international climate agreements," Working Papers 2008/43, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
- Thierry, BRECHET & Francois, GERARD & Henry, TULKENS & Jean-Pascal, VAN YPERSELE, 2008. "The impact of the unilateral EU commitment on the stability of international climate agreements," Discussion Papers (ECON - Département des Sciences Economiques) 2008038, Université catholique de Louvain, Département des Sciences Economiques.
- C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- H4 - Public Economics - - Publicly Provided Goods
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Journée, Michel, 2010. "Generalized power method for sparse principal component analysis," Open Access publications from Université catholique de Louvain info:hdl:2078.1/33456, Université catholique de Louvain.
- BRECHET, Thierry & THENIE, Julien & ZEIMES, Thibaut & ZUBER, Stéphane, 2010. "The benefits of cooperation under uncertainty: the case of climate change," CORE Discussion Papers 2010062, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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