Incentives and Effects of No-Lose Targets to Include Non-Annex I Countries in Global Emission Reductions
| Autor: | Karl-Martin Ehrhart, Vicki Duscha |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Economics and Econometrics
business.industry 020209 energy 05 social sciences 02 engineering and technology International economics Funding Mechanism International trade Management Monitoring Policy and Law Certificate Incentive 0502 economics and business 0202 electrical engineering electronic engineering information engineering Economics Profitability index Emissions trading Market power 050207 economics business |
| Zdroj: | Environmental and Resource Economics. 65:81-107 |
| ISSN: | 1573-1502 0924-6460 |
| DOI: | 10.1007/s10640-016-0015-5 |
| Popis: | We analyze the potential of no-lose targets used as an instrument to integrate non-Annex I countries in global emission reduction efforts. We set up a game-theoretical model to derive the participation conditions for a non-Annex I country and evaluate the effect of a no-lose target on the reduction of global emissions. Our analyses show that meaningful contributions from non-Annex I countries are possible, but their contribution to global emission reductions is limited and depends on several factors. Ambitious targets for the Annex I countries are a precondition. Further determining factors are differences in the abatement potentials between Annex I and non-Annex I countries, and market power on the certificate market. Nonetheless, in contrast to other funding mechanisms, no-lose targets, rather than requiring additional funding, can actually reduce costs for the Annex I countries. |
| Databáze: | OpenAIRE |
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