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Cooperation and Competition in Climate Change Policies: Mitigation and Climate Engineering when Countries are Asymmetric

Author

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  • Manoussi, Vassiliki
  • Xepapadeas, Anastasios

Abstract

We study a dynamic game of climate policy design in terms of emissions and solar radiation management (SRM) involving two heterogeneous regions or countries. Countries emit greenhouse gasses (GHGs), and can block incoming radiation by unilateral SRM activities, thus reducing global temperature. Heterogeneity is modelled in terms of the social cost of SRM, the environmental damages due to global warming, the productivity of emissions in terms of generating private benefits, the rate of impatience, and the private cost of geoengineering. We determine the impact of asymmetry on mitigation and SRM activities, concentration of GHGs, and global temperature, and we examine whether a trade-off actually emerges between mitigation and SRM. Our results could provide some insights into a currently emerging debate regarding mitigation and SRM methods to control climate change, especially since asymmetries seem to play an important role in affecting incentives for cooperation or unilateral actions.

Suggested Citation

  • Manoussi, Vassiliki & Xepapadeas, Anastasios, "undated". "Cooperation and Competition in Climate Change Policies: Mitigation and Climate Engineering when Countries are Asymmetric," Climate Change and Sustainable Development 190930, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemcl:190930
    DOI: 10.22004/ag.econ.190930
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    Cited by:

    1. Manoussi, Vassiliki & Xepapadeas, Anastasios & Emmerling, Johannes, 2018. "Climate engineering under deep uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 94(C), pages 207-224.
    2. repec:sae:envval:v:25:y:2016:i:1:p:29-49 is not listed on IDEAS
    3. Emmerling, Johannes & Tavoni, Massimo, "undated". "Quantifying Non-cooperative Climate Engineering," MITP: Mitigation, Innovation and Transformation Pathways 266289, Fondazione Eni Enrico Mattei (FEEM).
    4. Emmerling, Johannes & Manoussi, Vassiliki & Xepapadeas, Anastasios, "undated". "Climate Engineering under Deep Uncertainty and Heterogeneity," MITP: Mitigation, Innovation and Transformation Pathways 244329, Fondazione Eni Enrico Mattei (FEEM).
    5. Louis-Gaëtan Giraudet & Céline Guivarch, 2018. "Asymmetric impacts and over-provision of public goods," CIRED Working Papers hal-01960318, HAL.
    6. Anastasios Xepapadeas & Athanasios Yannacopoulos, 2018. "Spatially Structured Deep Uncertainty, Robust Control, and Climate Change Policies," DEOS Working Papers 1807, Athens University of Economics and Business.
    7. Heyen, Daniel, 2016. "Strategic conflicts on the horizon: R&D incentives for environmental technologies," LSE Research Online Documents on Economics 68104, London School of Economics and Political Science, LSE Library.
    8. Heyen, Daniel, 2015. "Strategic Conflicts on the Horizon: R&D Incentives for Environmental Technologies," Working Papers 0584, University of Heidelberg, Department of Economics.
    9. Daniel Heyen, 2016. "Strategic Conflicts On The Horizon: R&D Incentives For Environmental Technologies," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 7(04), pages 1-27, November.
    10. Heyen, Daniel & Horton, Joshua & Moreno-Cruz, Juan, 2019. "Strategic implications of counter-geoengineering: Clash or cooperation?," Journal of Environmental Economics and Management, Elsevier, vol. 95(C), pages 153-177.

    More about this item

    Keywords

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    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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