Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/283190 
Year of Publication: 
2023
Series/Report no.: 
Jena Economic Research Papers No. 2023-019
Publisher: 
Friedrich Schiller University Jena, Faculty of Economics and Business Administration, Jena
Abstract: 
Economic development and climate change constitute two of today's major international policy challenges. While development cooperation has long been on the political agenda, addressing global climate change has gained policymakers' attention more recently. Transfers for financing single projects have been a common practice in the development field. Empirical evidence suggests that the effectiveness has remained disappointing. Consequently, many developing countries face governance problems affecting their ability to master challenges associated with climate change. Current trends in international climate cooperation follow a similar approach. Political efforts may prove insufficient to meet climate objectives if similar deficiencies occur in climate cooperation. Applying a political economy approach, this paper provides a critical assessment of current practices in international development and climate policies highlighting the observed deficiencies in development and potential implications for climate cooperation. Acknowledging the interlinkages and linking development and climate change policies, could increase the effectiveness and efficiency of political efforts. The paper, furthermore, discusses market-based instruments, especially Emission Trading Schemes as policy alternatives as well as the potential merits for circumventing and solving institutional problems experienced in climate cooperation. We discuss the political economic challenges affecting the implementation and operation of (a global) scheme.
Subjects: 
development
climate change
policy coordination
emission trading scheme
issue linkage
JEL: 
O13
O44
P41
P48
Document Type: 
Working Paper

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