The Role of Emissions Trading and Permit Allocation in International Climate Agreements with Asymmetric Countries

2014 ◽  
Vol 4 (4) ◽  
pp. 361-392 ◽  
Author(s):  
Michael Jakob
Keyword(s):  
Emissions Trading ◽  
Climate Agreements ◽  
Permit Allocation ◽  
International Climate Agreements ◽  
International Climate ◽  
Asymmetric Countries

scholarly journals Cities Towards Global Climate Governance: How the Practices of City Diplomacy Foster Hybrid Multilateralism

2021 ◽  
pp. 365-377
Author(s):  
Nikola Strachová
Keyword(s):  
Climate Change ◽  
Central Government ◽  
Global Climate ◽  
Climate Agreements ◽  
Global Issues ◽  
International Climate Agreements ◽  
International Climate ◽  
Climate Crisis ◽  
Global Values

One of the effects of globalization is the increasing number of transnational ties that central governments not only ceased to control but also ceased to participate in; therefore, in recent decades, cities have been increasingly motivated to respond to international issues and initiate various contacts with foreign economic, cultural, and political centres. This article examines practices of city diplomacy in light of the current climate crisis. Albeit cities could be in conflict with their central government, they are executing the global climate agenda. Nonetheless, how do we frame cities’ autonomous activities in the global governance agenda? The article seeks to determine whether the framework of hybrid multilateralism is the niche for cities to assume the role of the central government in defending common global values such as preservation of the environment when the state fails to do so. Based on a dataset consisting of various subnational initiatives responding to climate change, we suggest a remarkable growth in the pledges to the international climate agreements’ commitments involving many subnational actors. Through these pledges, cities enter the international negotiations with various partners under hybrid policy architecture. Cities hold an enormous potential to influence the global conversation on climate change agenda. Furthermore, we conclude that cities are taking on the states’ role in global issues when they identify the inadequacy of the central governments’ action. Their conflict position forces them to carry out autonomous activities and fosters the new phenomenon of hybrid multilateralism.

scholarly journals Efficient incomplete international climate agreements

1995 ◽  
Vol 17 (1) ◽  
pp. 25-46 ◽  
Author(s):  
Rolf Golombek ◽  
Catherine Hagem ◽  
Michael Hoel
Keyword(s):  
Climate Agreements ◽  
International Climate Agreements ◽  
International Climate

scholarly journals Better predictions, better allocations: scientific advances and adaptation to climate change

2015 ◽  
Vol 373 (2055) ◽  
pp. 20150122 ◽  
Author(s):  
Mark C. Freeman ◽  
Ben Groom ◽  
Richard J. Zeckhauser
Keyword(s):  
Climate Change ◽  
Social Welfare ◽  
Climate Science ◽  
Consumption Smoothing ◽  
Adaptation To Climate Change ◽  
Adaptation Measures ◽  
Climate Agreements ◽  
International Climate Agreements ◽  
International Climate ◽  
Informative Signals

Climate science initially aspired to improve understanding of what the future would bring, and thereby produce appropriate public policies and effective international climate agreements. If that hope is dashed, as now seems probable, effective policies for adapting to climate change become critical. Climate science assumes new responsibilities by helping to foster more appropriate adaptation measures, which might include shifting modes or locales of production. This theoretical article focuses on two broader tools: consumption smoothing in response to the risk of future losses, and physical adaptation measures to reduce potential damages. It shows that informative signals on the effects of climate change facilitate better decisions on the use of each tool, thereby increasing social welfare.

scholarly journals Market responses to global governance: International climate cooperation and Europe's carbon trading

2020 ◽  
pp. 1-33
Author(s):  
Federica Genovese
Keyword(s):  
Global Climate ◽  
Emission Trading ◽  
Policy Instruments ◽  
The European Union ◽  
Environmental Cooperation ◽  
Climate Agreements ◽  
Climate Negotiations ◽  
International Climate Agreements ◽  
International Climate ◽  
International Climate Negotiations

Abstract International environmental cooperation can impose significant costs on private firms. Yet, in recent years some companies have been supportive of international climate agreements. This suggests that under certain conditions environmental accords can be profitable. In this paper, I seek to explain this puzzle by focusing on the interaction between domestic regulation and decisions at international climate negotiations. I argue that global climate cooperation hurts the profits of polluting firms if domestic governments do not shield them from international compliance costs. Vice versa, if firms are subject to protective (i.e., insufficiently severe) policy instruments at home, firms can materially gain from international climate agreements that sustain expectations about their profitability. I test the argument with an event study of the effect of decisions at the UN Framework Convention on Climate Change (UNFCCC) on major European firms that received free carbon permits in the early stages of the European Union Emission Trading Scheme (EU ETS). The analysis suggests that financial markets carefully follow the international climate negotiations, and reward the regulated firms based on the outcome of UNFCCC decisions. The evidence also indicates the advantageous interplay between certain types of domestic regulations and international regimes for business. More generally, the results show the perils of privately supported policy for the effectiveness of international public good provision.

scholarly journals The impact of surplus sharing on the stability of international climate agreements

2006 ◽  
Vol 58 (2) ◽  
pp. 209-232 ◽  
Author(s):  
Hans-Peter Weikard ◽  
Michael Finus ◽  
Juan-Carlos Altamirano-Cabrera
Keyword(s):  
Climate Agreements ◽  
Surplus Sharing ◽  
International Climate Agreements ◽  
International Climate ◽  
The Stability ◽  
The Impact
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