Technology, Unilateral Commitments and Cumulative Emissions Reduction

Posted: 8 Jun 2009

See all articles by Shurojit Chatterji

Shurojit Chatterji

Singapore Management University - School of Economics

Sayantan Ghosal

University of Warwick - Department of Economics; University of Glasgow - Adam Smith Business School

Date Written: June 2009

Abstract

In this article, we argue that weak property rights over transnational pollution and the limited threat of retaliatory punishments blunts the effectiveness of a broad-based multilateral agreement to deliver the emission reductions required to mitigate climate change. Instead, we propose a policy framework that builds on unilateral commitments, endogenous innovation and technology transfer that could lead to cumulative emissions reduction by altering the participation constraints of nations over time. (JEL codes: Q54, F53, Q50)

Keywords: Climate, global, negotiations, unilateralism, technology, cumulative, emissions, reduction

Suggested Citation

Chatterji, Shurojit and Ghosal, Sayantan and Ghosal, Sayantan, Technology, Unilateral Commitments and Cumulative Emissions Reduction (June 2009). CESifo Economic Studies, Vol. 55, Issue 2, pp. 286-305, 2009, Available at SSRN: https://ssrn.com/abstract=1414702 or http://dx.doi.org/ifp009

Shurojit Chatterji (Contact Author)

Singapore Management University - School of Economics ( email )

90 Stamford Road
178903
Singapore

Sayantan Ghosal

University of Glasgow - Adam Smith Business School ( email )

Glasgow, Scotland
United Kingdom

University of Warwick - Department of Economics ( email )

Adam Smith Business School
University of Glasgow
Glasgow, G128QQ
United Kingdom

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