Cramton, Peter ORCID: 0000-0001-8621-1092, Ockenfels, Axel ORCID: 0000-0003-1456-0191 and Stoft, Steven (2015). An International Carbon-Price Commitment Promotes Cooperation. Econ. Energy Environ. Policy, 4 (2). S. 51 - 65. CLEVELAND: INT ASSOC ENERGY ECONOMICS. ISSN 2160-5890
Full text not available from this repository.Abstract
To promote cooperation in international climate negotiations, negotiators should focus on a common commitment. Such commitments have the advantage of facilitating reciprocal I will if you will agreements in a group. Reciprocity is the basis for cooperation in repeated public goods games, and a uniform price would provide a natural focal point for a common international commitment. Such a price is also essential for efficient abatement. Countries would retain flexibility in how to implement the price with cap-and-trade, a carbon tax, or a hybrid approach. Country risk is reduced relative to risk under international cap-and-trade since carbon revenues stay within the country. Price commitments also tend to equalize effort intensity and can facilitate enforcement. To encourage participation by less-developed countries, a green fund is needed to transfer money from richer to poorer countries. Transfers are smaller and more predictable with a uniform price commitment than with international cap and trade.
Item Type: | Journal Article | ||||||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-394616 | ||||||||||||||||
DOI: | 10.5547/2160-5890.4.2.aock | ||||||||||||||||
Journal or Publication Title: | Econ. Energy Environ. Policy | ||||||||||||||||
Volume: | 4 | ||||||||||||||||
Number: | 2 | ||||||||||||||||
Page Range: | S. 51 - 65 | ||||||||||||||||
Date: | 2015 | ||||||||||||||||
Publisher: | INT ASSOC ENERGY ECONOMICS | ||||||||||||||||
Place of Publication: | CLEVELAND | ||||||||||||||||
ISSN: | 2160-5890 | ||||||||||||||||
Language: | English | ||||||||||||||||
Faculty: | Faculty of Management, Economy and Social Sciences | ||||||||||||||||
Divisions: | Faculty of Management, Economics and Social Sciences > Economics > Macroeconomic, Financial and Economic Policy > Professur für Economics, Design and Behavior | ||||||||||||||||
Subjects: | Economics | ||||||||||||||||
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Refereed: | Yes | ||||||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/39461 |
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