Climate Clubs
Overcoming Free-riding in International Climate Policy
Bibliographic Data
| ID | 23330740 |
|---|---|
| Authors | William D Nordhaus (0000-0002-7036-0656, Yale University, corresponding author), William Nordhaus (Sterling Professor of Economics, Yale University (e-mail: )) |
| Year | 2015 |
| Volume | 105 |
| Issue | 4 |
| Pages | 1339-1370 |
| Publication date | 2015-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 0002-8282 • E-ISSN: 1944-7981 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/aer.15000001 |
| OpenAlex | W2162057064 |
| Language | EN |
| Citations received | 193 |
| References cited | 22 |
Notwithstanding great progress in scientific and economic understanding of climate change, it has proven difficult to forge international agreements because of free-riding, as seen in the defunct Kyoto Protocol. This study examines the club as a model for international climate policy. Based on economic theory and empirical modeling, it finds that without sanctions against non-participants there are no stable coalitions other than those with minimal abatement. By contrast, a regime with small trade penalties on non-participants, a Climate Club, can induce a large stable coalition with high levels of abatement. (JEL Q54, Q58, K32, K33)
Climate change · Climate change mitigation · Climate Finance · Climate policy · Club · Developing country · Economic growth · Economics · Free riding · Kyoto Protocol · Microeconomics · Natural resource economics · Political science · Public economics · Sanctions · Climate Change Policy and Economics · Economic Policies and Impacts · Energy, Environment, Economic Growth
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| Unique citing works | 193 |
|---|---|
| Citations per year | 17,55 |
| Citation span | 2015 - 2026 (12) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 179 |