| Titre | International Environmental Agreements: Emissions Trade, Safety Valves and Escape Clauses | |
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| Auteur | Karp Larry, Zhao Jinhua | |
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Revue | Revue économique |
| Numéro | vol. 61, no 1, janvier 2010 Mondialisation, commerce international et environnement | |
| Page | 153-182 | |
| Résumé anglais |
We explain how the structure of multi-national or multi-regional environmental agreements affect their chance of success. Trade in emissions permits has ambiguous and in some cases surprising effects on both the equilibrium level of abatement, and on the ability to persuade nations or regions to participate in environmental agreements. An escape clause policy and a safety valve policy have essentially the same properties when membership in environmental agreement is pre-determined, but they create markedly different effects on the incentives to join such an agreement. The two policies lead to a qualitative difference in the leverage that a potential member of the agreement exercises on other members. JEL classification numbers C72, H4, Q54 Source : Éditeur (via Cairn.info) |
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| Article en ligne | http://www.cairn.info/article.php?ID_ARTICLE=RECO_611_0153 |
