By contrast, a regime with small trade penalties on non-participants, a Climate Club, can induce a large stable coalition with high levels of abatement. (JEL Q54, Q58, K32, K33) Citation Nordhaus, William. 2015. "Climate Clubs: Overcoming Free-Riding in International Climate Policy." American Economic Review, 105 (4): 1339-70.

Jul 10, 2021 · An alternative that Nordhaus proposes is a climate compact or club to protect the climate. "A climate compact is an agreement by participating countries to undertake harmonized emissions reductions, but nations would be penalized if they did not meet their obligations. ... 1 Nordhaus, William D., 2021, The Spirit of Green, Princeton University ...

Nov 17, 2021 · Some call for the creation of a climate club—an idea championed by Yale University economist William Nordhaus—that would penalize countries that do not meet their obligations or do not join.

Dec 11, 2007 · Climate change will require these policies to become more dynamic, to cope with the high level of uncertainty in the timing and magnitude of potential climate changes and the rapidly evolving knowledge base. ... W Nordhaus Am Econ Rev 89, 1046–1048 (1999). Crossref. ... Edited by William Easterling, Pennsylvania State University, University ...

Sep 15, 2009 · With evidence accumulating that greenhouse gas concentrations are warming the world's climate, research focuses increasingly on estimating impacts that may occur under different warming scenarios and how economies might adapt to changing climatic conditions. Agriculture is a key focus because of its direct connection to climate.

Aug 01, 2018 · Among those who called for urgent, immediate and far-reaching climate policy were Senators John Chafee, Robert Stafford and David Durenberger; the E.P.A. administrator, William K. Reilly; and ...

Carbon pricing (or CO 2 pricing) also known as cap and trade (CAT) or emissions trading scheme (ETS) is a method for nations to reduce global warming.The cost is applied to greenhouse gas emissions in order to encourage polluters to reduce the combustion of coal, oil and gas – the main driver of climate change.The method is widely agreed and considered to be efficient.

Jul 10, 2017 · Just 100 companies have been the source of more than 70% of the world’s greenhouse gas emissions since 1988, according to a new report. The Carbon Majors Report (pdf) “pinpoints how a ...

May 09, 2022 · Various groups of countries are attempting to create such clubs. Recently, the Council of the European Union agreed to a EU climate club, 'Fit for 55', for its 27 members. This policy package aims to reduce EU carbon emissions by 55% by 2030 and to net zero by 2050. Along with various decarbonisation policies, an emissions trading system and a massive fiscal …

A carbon tax is a tax levied on the carbon emissions required to produce goods and services. Carbon taxes are intended to make visible the "hidden" social costs of carbon emissions, which are otherwise felt only in indirect ways like more severe weather events. In this way, they are designed to reduce carbon dioxide (CO 2) emissions by increasing prices of the fossil fuels …