Chatterji, S. and Ghosal, S. (2009) Technology, unilateral commitments and cumulative emissions reduction. CESIFO Economic Studies, 55(2), pp. 286-305. (doi: 10.1093/cesifo/ifp009)
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Abstract
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.
| Item Type: | Articles |
|---|---|
| Status: | Published |
| Refereed: | Yes |
| 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 |
| ISSN: | 1610-241X |
| Published Online: | 06 April 2009 |
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