Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/89722 
Year of Publication: 
2014
Series/Report no.: 
CESifo Working Paper No. 4573
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
According to the Framework Convention on Climate Change, global collective action is needed to stabilize “greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous [our emphasis] anthropogenic interference with the climate system.” The Framework Convention thus implies that, on the far side of some critical concentration level, climate change will be “dangerous,” while on the near side of the threshold, climate change will be “safe” (though perhaps still undesirable). Rather than be linear and smooth, the Framework Convention warns that climate change may be “abrupt and catastrophic.”
Subjects: 
climate change
prisoners’ dilemma
catastrophe
negotiations
cooperation
uncertainty
experimental economics
JEL: 
C72
F51
H41
H87
Q54
Document Type: 
Working Paper
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