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Unilateral measures and global emissions mitigation

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Chatterji, Shurojit, Ghosal, Sayantan , Walsh, Sean and Whalley, John (2009) Unilateral measures and global emissions mitigation. Working Paper. Economics Department, University of Warwick: University of Warwick. (The Warwick Economics Research Paper Series (TWERPS), Vol.2009).

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Abstract

In this paper we discuss global climate change mitigation that builds on existing unilateral actions to deliver ever deepening emission cuts over time. A wide array of unilateral environmental measures have been documented. We discuss the rationale for such measures and argue that unilateral initiatives have the potential to generate positive spillover e¤ects both within and across countries. Using a simple dynamic model of learning, we show how global negotiations can accelerate convergence to a global low emissions regime by building on and strengthening the positive spillovers inherent in unilateral initiatives.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: J Political Science > JX International law
G Geography. Anthropology. Recreation > GE Environmental Sciences
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Climate change mitigation, Unilateral acts (International law), Climatic changes -- International cooperation
Series Name: The Warwick Economics Research Paper Series (TWERPS)
Publisher: University of Warwick
Place of Publication: Economics Department, University of Warwick
Date: 2009
Volume: Vol.2009
Number: No.915
Status: Not Peer Reviewed
Access rights to Published version: Open Access
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References: [1] Arrow, K. J. (2007) "Global Climate Change: A Challenge to Policy," The Economists’ Voice: Vol. 4 : Iss. 3, Article 2. Available at: http://www.bepress.com/ev/vol4/iss3/art2. [2] Barrett, S. (1994), "Self-Enforcing International EnvironmentalAgreements", Oxford Economic Papers, 878-894. [3] Benedick, R.E. (1998), OzoneDiplomacy: New Directions in Safeguarding the Planet, Cambridge, MA: Harvard University Press. [4] Chatterji, S. and S. Ghosal (2009), "Technology, unilateral commitments and cumulative emissions reduction", CESIFO Economic Studies, 55, 286-305 [5] Coase, R. H. (1960), "The problem of social cost", The Journal of Law and Economics, 3, 1-44. 26 [6] Dutta, B., S. Ghosal and D. Ray (2005), “Farsighted network formation”, Journal of Economic Theory, 122, 143-164. [7] Foley, D. K. (1970), "Lindahl’s solution and the core of an economy with public goods", Econometrica, 38, 66-72. [8] Gupta, S., D. A. Tirpak, N. Burger, J. Gupta, N. Höhne, A. I. Boncheva, G. M. Kanoan, C. Kolstad, J. A. Kruger, A. Michaelowa, S. Murase, J. Pershing, T. Saijo, A. Sari, 2007: Policies, Instruments and Co-operative Arrangements. In Climate Change 2007: Mitigation. Contribution of Working Group III to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change [B. Metz, O.R. Davidson, P.R. Bosch, R. Dave, L.A. Meyer (eds)], Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA. [9] Harsanyi, J. C. (1977), "Rule Utilitarianism and Decision Theory", Erkenntnis, 11, pp. 25-53. [10] Heal, G. (1993), "Formation of International Environmental Agreements", in C. Carraro (ed.), Trade, Innovation and Environment. Dordrecht:Kluwer. [11] Human Development Report 2008: Fighting Climate Change- Human Solidarity in a Divided World, UNDP, Palgrave Macmillan. [12] IPCC, 2007: Climate Change 2007: The Physical Science Basis. Contribution of Working Group I to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change [Solomon, S., D. Qin, M. Manning, Z. Chen, M. Marquis, K.B. Averyt, M.Tignor and H.L. Miller (eds.)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA. [13] Olson, M., (1971). The Logic of Collective Action: Public Goods and the Theory of Groups, Harvard University Press, 2nd edition. [14] Olsen, K. H., (2007), "The clean development mechanism’s contribution", Climatic Change 84, 59–73. [15] Pacala, S., and R. Socolow, 2004. “Stabilization wedges: Solving the climate problem for the next 50 years with current technologies.” Science 305: 968-972. [16] Shapley, L.S. and M. Shubik (1969), "On the core of a system with externalities", American Economic Review, 59, 678-684. 27 [17] Starret, D.A. (1973), "Externalities and the core", Econometrica, 41, 179-183. [18] Stern, N.H. (2007), The Stern Review of the Economics of Climate Change (Cambridge: Cambridge University Press). [19] Stiglitz, J.E. (2007), “A new agenda for global warming”, The Economists’ Voice, 3(7): Art. 3. Available at: http://www.bepress.com/ev/vol3/iss7/art3. [20] UNFCCC. 1997. Kyoto Protocol to UNFCCC. United Nations Framework Convention on Climate Change. Bonn, Germany. [21] Wara, M. W. and D. G. Victor (2008), "A realistic policy of international carbon off- setts", Stanford University Program on Energy and Sustainable Development Working Paper #74.
URI: http://wrap.warwick.ac.uk/id/eprint/3552

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