Rewriting Rio: What's Wrong with the Convention on Climate Change?
The paper uses a model of the North and South to predict emissions of Carbon dioxide, atmospheric concentration of carbon dioxide, global mean temperature, and payoffs in terms of cumulative GDP less policy costs and policy damages from climate change. The model is used to simulate to 2100 the effects of 4 policies: the North stabilizes its emissions in 2010 at 1990 levels; North-South transfers to improve the south's energy efficiency; the north both stabilizes its emissions and makes transfers to the south; and neither the North nor South undertake special efforts toreduce greehouse gases.
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