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GTAP Resource #6932

"How gains from emissions trading can turn into gains for climate"
by Böhringer, Christoph, Carsten Helm and Laura Schuerer

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.

Resource Details (Export Citation) GTAP Keywords
Category: 2023 Conference Paper
Status: Not published
By/In: Presented during the 26th Annual Conference on Global Economic Analysis (Bordeaux, France)
Date: 2023
Created: Schuerer, L. (4/14/2023)
Updated: Schuerer, L. (4/14/2023)
Visits: 223
- Climate change policy

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