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dc.contributor.authorBosetti, Valentinaen_US
dc.contributor.authorCarraro, Carloen_US
dc.contributor.authorTavoni, Massimoen_US
dc.date.accessioned2009-09-02en_US
dc.date.accessioned2010-05-14T08:22:02Z-
dc.date.available2010-05-14T08:22:02Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30551-
dc.description.abstractThis paper builds on the assumption that OECD countries are (or will soon be) taking actions to reduce their greenhouse gas emissions. These actions, however, will not be sufficient to control global warming, unless developing countries also get involved in the cooperative effort to reduce GHG emissions. This paper investigates the best short-term strategies that emerging economies can adopt in reacting to OECD countrie's mitigation effort, given the common long-term goal to prevent excessive warming without hampering economic growth. Results indicate that developing countries would incur substantial economic losses by following a myopic strategy that disregards climate in the short-run, and that their optimal investment behaviour is to anticipate the implementation of a climate policy by roughly 10 years. Investing in innovation ahead of time is also found to be advantageous. The degree of policy anticipation is shown to be important in determining the financial transfers of an international carbon market meant to provide incentives for the participation of developing countries. This is especially relevant for China, whose recent and foreseeable trends of investments in innovation are consistent with the adoption of domestic emission reduction obligations in 2030.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2742en_US
dc.subject.jelQ54en_US
dc.subject.jelQ55en_US
dc.subject.jelQ43en_US
dc.subject.ddc330en_US
dc.subject.keywordenergy-economy modellingen_US
dc.subject.keywordclimate policyen_US
dc.subject.keyworddeveloping countriesen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwInnovationen_US
dc.subject.stwInvestitionen_US
dc.subject.stwEnergieökonomiken_US
dc.subject.stwNord-Süd-Beziehungenen_US
dc.subject.stwAufstrebende Märkteen_US
dc.subject.stwSchwellenländeren_US
dc.subject.stwEntwicklungsländeren_US
dc.subject.stwIndustriestaatenen_US
dc.titleClimate change mitigation strategies in fast-growing countries : the benefits of early actionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn608017620en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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