@techreport{Eichner2010carbon,
abstract = {Scientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in the world mean temperature exceeding 2\^{e} Celsius. To achieve the two degree target, the cumulated global emissions must not exceed some limit, the so-called global carbon budget. In a two-period twocountry general equilibrium model with a finite stock of fossil fuels we compare the cooperative cost-effective policy with the unilateral cost-effective policy of restricting emissions to the global carbon budget. In its simplest form, the cost-effective global policy is shown to consist of a joint emission trading scheme in the first period (only). In sharp contrast, subglobal cost-effective regulation may require the abating country to tax its first-period consumption and to tax or subsidize its emissions in the first and/or second period.},
author = {Thomas Eichner and R\"{u}diger Pethig},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {H21; H23; Q54; Q58; 330; carbon emissions; carbon budget; cooperative; unilateral; cost-effective regulation; Kohlendioxid; Luftverunreinigung; Klimaschutz; Internationale Umweltpolitik; Kosten-Wirksamkeits-Analyse; Zwei-L\"{a}nder-Modell; Allgemeines Gleichgewicht; Theorie},
language = {eng},
number = {143},
publisher = {Siegen , Univ., Fakult\"{a}t III, Wirtschaftswiss., Wirtschaftsinformatik und Wirtschaftsrecht},
title = {The carbon-budget approach to climate stabilization: Costeffective subglobal versus global action},
type = {Volkswirtschaftliche Diskussionsbeitr\"{a}ge, Universit\"{a}t Siegen, Fakult\"{a}t III: Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht},
url = {http://hdl.handle.net/10419/57269},
year = {2010}
}
