G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Bottom-Up Strategic Linking of Carbon Markets: Which Climate Coalitions Would Farsighted Players Form?
Jobst Heitzig
发表日期2013
出处Climate Change and Sustainable Development
出版年2013
语种英语
摘要We present typical scenarios and general insights from a novel dynamic model of farsighted climate coalition formation involving market linkage and cap coordination, using a simple analytical model of the underlying cost-benefit structure. In our model, the six major emitters of CO2 can link domestic cap-and-trade systems to form one or several international carbon markets, and can either choose their emissions caps non-cooperatively or form a hierarchy of cap-coordinating coalitions inside each market. Based on individual and collective rationality and an assumed distribution of bargaining power, we derive scenarios of such a climate coalition formation process which show that a first-best state with a coordinated global carbon market might well emerge bottom-up, and underline the importance of coordinating caps immediately when linking carbon markets. Surprisingly, the process tends to involve less uncertainty when agreements can be terminated unanimously or unilaterally, depending on the level of farsightedness.
特色分类D85;Q5
关键词Climate Policy International Environmental Agreements Cap and Trade Coalition Formation Farsightedness
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/bottom-up-strategic-linking-of-carbon-markets-which-climate-coalitions-would-farsighted-players-form/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/118173
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GB/T 7714
Jobst Heitzig. Bottom-Up Strategic Linking of Carbon Markets: Which Climate Coalitions Would Farsighted Players Form?. 2013.
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