Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/57269 
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dc.contributor.authorEichner, Thomasen
dc.contributor.authorPethig, Rüdigeren
dc.date.accessioned2010-12-08-
dc.date.accessioned2012-04-18T14:54:35Z-
dc.date.available2012-04-18T14:54:35Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/57269-
dc.description.abstractScientific expertise suggests that mitigating extreme world-wide climate change damages requires avoiding increases in the world mean temperature exceeding 2ê 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.en
dc.language.isoengen
dc.publisher|aUniversität Siegen, Fakultät III, Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht |cSiegenen
dc.relation.ispartofseries|aVolkswirtschaftliche Diskussionsbeiträge |x143-10en
dc.subject.jelH21en
dc.subject.jelH23en
dc.subject.jelQ54en
dc.subject.jelQ58en
dc.subject.ddc330en
dc.subject.keywordcarbon emissionsen
dc.subject.keywordcarbon budgeten
dc.subject.keywordcooperativeen
dc.subject.keywordunilateralen
dc.subject.keywordcost-effective regulationen
dc.subject.stwKohlendioxiden
dc.subject.stwLuftverunreinigungen
dc.subject.stwKlimaschutzen
dc.subject.stwInternationale Umweltpolitiken
dc.subject.stwKosten-Wirksamkeits-Analyseen
dc.subject.stwZwei-Länder-Modellen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwTheorieen
dc.titleThe carbon-budget approach to climate stabilization: Costeffective subglobal versus global action-
dc.typeWorking Paperen
dc.identifier.ppn638504198en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:sie:siegen:143-10en

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