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Environmental awareness: The case of climate change

Author

Listed:
  • Shlomo Weber

    (Southern Methodist University, Dallas, Texas, United States of America
    New Economic School, Moscow, Russia)

  • Hans Wiesmeth

    (Saxon Academy of Sciences and Humanities in Leipzig, Leipzig, Germany
    Ural Federal University, Graduate School of Economics and Management, Ekaterinburg, Russia)

Abstract

The extent of provision of a public good often relies on social awareness and public support for it. This applies, in particular, to global reduction of greenhouse gases and its relevance for mitigating climate change. We examine the concept of “public awareness” by introducing a formal model that analyzes efforts to mitigate climate change in a setting with heterogeneous countries. In the theoretical part we examine the Nash equilibrium of the contribution game. The effects of awareness and economic parameters on mitigation efforts can be disentangled, raising the possibility of linking awareness of climate change with economic wealth. The second part provides some empirical observations and offers the rankings of countries regarding awareness for climate change, as well as an empirical relationship between awareness and economic wealth.

Suggested Citation

  • Shlomo Weber & Hans Wiesmeth, 2018. "Environmental awareness: The case of climate change," Russian Journal of Economics, ARPHA Platform, vol. 4(4), pages 328-345, December.
    • Handle: RePEc:arh:jrujec:v:4:y:2018:i:4:p:328-345
    DOI: 10.3897/j.ruje.4.33619
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    File URL: https://rujec.org/article/33619/
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    More about this item

    Keywords

    environmental awareness; climate change; public goods; Kyoto Protocol; renewable energies; regional economics; diversity.;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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