Full text not currently available from Enlighten.
In this article, we argue that weak property rights over transnational pollution and the limited threat of retaliatory punishments blunts the effectiveness of a broad-based multilateral agreement to deliver the emission reductions required to mitigate climate change. Instead, we propose a policy framework that builds on unilateral commitments, endogenous innovation and technology transfer that could lead to cumulative emissions reduction by altering the participation constraints of nations over time.
|Glasgow Author(s) Enlighten ID:||Ghosal, Professor Sayantan|
|Authors:||Chatterji, S., and Ghosal, S.|
|College/School:||College of Social Sciences > Adam Smith Business School > Economics|
|Journal Name:||CESIFO Economic Studies|
|Published Online:||06 April 2009|