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来源类型Working Paper
规范类型报告
DOI10.3386/w22197
来源IDWorking Paper 22197
How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality
Martin L. Weitzman
发表日期2016-05-02
出版年2016
语种英语
摘要It is difficult to resolve the global warming free-rider externality problem by negotiating many different quantity targets. By contrast, negotiating a single internationally-binding minimum carbon price (the proceeds from which are domestically retained) counters self-interest by incentivizing countries to internalize the externality. In this contribution I attempt to sketch out, mostly with verbal arguments, the sense in which each country's extra cost from a higher emissions price is counter-balanced by that country's extra benefit from inducing all other countries to simultaneously lower their emissions in response to the higher price. Some implications are discussed. While the paper could be centered on a more formal model, here the tone of the discussion resembles more that of an exploratory think piece directed to policymakers and the general public.
主题International Economics ; Globalization and International Relations ; Public Economics ; Public Goods ; Environmental and Resource Economics ; Environment
URLhttps://www.nber.org/papers/w22197
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/579871
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Martin L. Weitzman. How a Minimum Carbon Price Commitment Might Help to Internalize the Global Warming Externality. 2016.
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