English, Article, Journal or magazine article edition: The impact of the unilateral EU commitment on the stability of international climate agreements Thierry, BRECHET; Francois, GERARD; Henry, TULKENS; ...

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Bookmark: http://trove.nla.gov.au/version/178131
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The impact of the unilateral EU commitment on the stability of international climate agreements
Author
  • Thierry, BRECHET
  • Francois, GERARD
  • Henry, TULKENS
  • Jean-Pascal, VAN YPERSELE
Physical Description
  • preprint
Notes
  • In this paper we analyze the negotiation strategy of the European Union regarding the formation of an international climate agreement for the post-2012 era. We use game theoretical stability concepts to explore incentives for key players in the climate policy game to join future climate agreements. We compare a minus 20 percent unilateral commitment strategy by the EU with a unilateral minus 30 percent emission reduction strategy for all Annex-B countries. Using a numerical integrated assessment climate-economy simulation model, we find that carbon leakage effects are negligible. Ther EU strategy to reduce emissions by 30% (compared to 1990 levels) by 2020 if other Annex-B countries follow does not induce participation of the USA with a similar 30% reduction commitement. However, the model shows that an appropriate initial allocation of emission allowances may stabilize a larger and more ambitious climate coalition than the Kyoto Protocol in its first commitment period.
  • Climate change, Coalition theory, Integrated assessment model, Kyoto protocol
  • RePEc:ctl:louvec:2008038
Language
  • English
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