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An Internalisation-based World Environmental Organisation


  • John Whalley
  • Ben Zissimos


We evaluate the possibilities for a new World Environmental Organisation (WEO), with our discussion motivated both by recent calls for such an organisation in light of WTO trade and environment conflicts and the relative absence of internalisation of global externalities. We propose an organisation building upon the idea of facilitating Coasian deal on the global environment. We motivate the establishment of such an organisation by itemising the ways in which global environmental deals are presently restrained by various impediments, including free riding, property right ambiguities, and mechanisms for authentification and verification. We indicate how such a WEO might help in each of these areas, stressing the differences from the WTO which is a much narrower bargaining framework. Copyright Blackwell Publishers Ltd 2002.

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  • John Whalley & Ben Zissimos, 2002. "An Internalisation-based World Environmental Organisation," The World Economy, Wiley Blackwell, vol. 25(5), pages 619-642, May.
  • Handle: RePEc:bla:worlde:v:25:y:2002:i:5:p:619-642

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    References listed on IDEAS

    1. Wang, Zhi, 1997. "The Impact of China and Taiwan Joining the World Trade Organization on U.S. and World Agricultural Trade: A Computable General Equilibrium Analysis," Technical Bulletins 184382, United States Department of Agriculture, Economic Research Service.
    2. Thomas W. Hertel & Terrie Walmsley & Ken Itakura, 2005. "Dynamic Effects Of The "New Age" Free Trade Agreement Between Japan And Singapore," World Scientific Book Chapters,in: Quantitative Methods For Assessing The Effects Of Non-Tariff Measures And Trade Facilitation, chapter 18, pages 483-523 World Scientific Publishing Co. Pte. Ltd..
    3. Robert Scollay & John Gilbert, 2000. "Measuring the Gains from APEC Trade Liberalisation: An Overview of CGE Assessments," The World Economy, Wiley Blackwell, vol. 23(2), pages 175-197, February.
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    Cited by:

    1. Pichler, Paul & Sorger, Gerhard, 2017. "Delegating climate policy to a supranational authority: a theoretical assessment," Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168058, Verein für Socialpolitik / German Economic Association.
    2. repec:eee:eecrev:v:101:y:2018:i:c:p:418-440 is not listed on IDEAS
    3. Mathews, John, 2007. "Seven steps to curb global warming," Energy Policy, Elsevier, vol. 35(8), pages 4247-4259, August.
    4. Xiao Chen & Alan Woodland, 2013. "International trade and climate change," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 20(3), pages 381-413, June.

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