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| DOI | 10.1073/pnas.2109988118 |
| Dynamic climate clubs: On the effectiveness of incentives in global climate agreements | |
| Nordhaus W. | |
| 发表日期 | 2021 |
| ISSN | 0027-8424 |
| 卷号 | 118期号:45 |
| 英文摘要 | A proposal to combat free riding in international climate agreements is the establishment of a climate club-a coalition of countries in a structure to encourage high levels of participation. Empirical models of climate clubs in the early stages relied on the analysis of single-period coalition formation. The earlier results suggested that there were limits to the potential strength of clubs and that it would be difficult to have deep abatement strategies in the club framework. The current study extends the single-period approach to many periods and develops an approach analyzing "supportable policies" to analyze multiperiod clubs. The major element of the present study is the interaction between club effectiveness and rapid technological change. Neither alone will produce incentive-compatible policies that can attain the ambitious objectives of international climate policy. The trade sanctions without rapid technological decarbonization will be too costly to produce deep abatement; similarly, rapid technological decarbonization by itself will not induce deep abatement because of country free riding. However, the two together can achieve international climate objectives. © 2021 National Academy of Sciences. All rights reserved. |
| 英文关键词 | Carbon prices; Climate change; Climate club; Integrated assessment; Supportable policies |
| 语种 | 英语 |
| 来源期刊 | Proceedings of the National Academy of Sciences of the United States of America
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/238313 |
| 作者单位 | Sterling Professor of Economics, Yale University, New Haven, CT 06511, United States |
| 推荐引用方式 GB/T 7714 | Nordhaus W.. Dynamic climate clubs: On the effectiveness of incentives in global climate agreements[J],2021,118(45). |
| APA | Nordhaus W..(2021).Dynamic climate clubs: On the effectiveness of incentives in global climate agreements.Proceedings of the National Academy of Sciences of the United States of America,118(45). |
| MLA | Nordhaus W.."Dynamic climate clubs: On the effectiveness of incentives in global climate agreements".Proceedings of the National Academy of Sciences of the United States of America 118.45(2021). |
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