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dc.contributor.authorEichner, Thomasen_US
dc.contributor.authorPethig, Rüdigeren_US
dc.date.accessioned2010-12-08en_US
dc.date.accessioned2012-04-18T14:54:35Z-
dc.date.available2012-04-18T14:54:35Z-
dc.date.issued2010en_US
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_US
dc.language.isoengen_US
dc.publisherSiegen , Univ., Fakultät III, Wirtschaftswiss., Wirtschaftsinformatik und Wirtschaftsrechten_US
dc.relation.ispartofseriesVolkswirtschaftliche Diskussionsbeiträge, Universität Siegen, Fakultät III: Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht 143en_US
dc.subject.jelH21en_US
dc.subject.jelH23en_US
dc.subject.jelQ54en_US
dc.subject.jelQ58en_US
dc.subject.ddc330en_US
dc.subject.keywordcarbon emissionsen_US
dc.subject.keywordcarbon budgeten_US
dc.subject.keywordcooperativeen_US
dc.subject.keywordunilateralen_US
dc.subject.keywordcost-effective regulationen_US
dc.subject.stwKohlendioxiden_US
dc.subject.stwLuftverunreinigungen_US
dc.subject.stwKlimaschutzen_US
dc.subject.stwInternationale Umweltpolitiken_US
dc.subject.stwKosten-Wirksamkeits-Analyseen_US
dc.subject.stwZwei-Länder-Modellen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwTheorieen_US
dc.titleThe carbon-budget approach to climate stabilization: Costeffective subglobal versus global actionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn638504198en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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