GTAP Resources: Resource Display
| GTAP Resource #6932 |
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"How gains from emissions trading can turn into gains for climate" by Böhringer, Christoph, Carsten Helm and Laura Schuerer Abstract Nationally determined contributions (NDCs) are the pillar of international climate policy in the aftermath of the Paris Agreement. Yet, current NDCs fall considerably short of the emissions reduction requirements that are necessary to reach the 2°C temperature target as the commonly accepted yardstick for "saving the planet". Emissions trading could be a "costless" means to reduce the ambition gap if countries agreed cooperatively to spend their cost savings from emissions trading on additional emissions reduction. In this paper, we show that emissions trading could even lead to more emissions reduction as compared to the cooperative regime when countries act non-cooperatively in their own best interest subject to the realistic constraint that they may not allocate more emissions allowances to themselves as agreed with their NDCs. |
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- Climate change policy |
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Public Access No documents have been attached. Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
