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Low-carbon Power Technologies and the Stability of International Climate Cooperation

7th March 2022
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Authors: Vicki Duscha, Jan Kersting, Sonja Peterson, Joachim Schleich, Matthias Weitzel (Climate Change Economics, 2021, 12(4): 2150013)

This paper explores the effects of the technological development of key low-carbon power technologies (photovoltaic (PV), wind, and carbon capture and storage (CCS)) on the stability of global climate cooperation under several assumptions about climate-related damage. The methodology combines cooperative game theory with a global computable general equilibrium (CGE) model allowing us to endogenize testing of stability of the global coalition and to include macroeconomic effects. Global cooperation is found to be stable only under mean or pessimistic assumptions about the development of key low-carbon power technologies and when damage is severe. If the technological development is favorable or climate damage is not severe, the gains from global cooperation are not sufficient to compensate for mitigation costs, because a nonglobal coalition of willing countries can then achieve emission reductions close to the global optimum. Finally, our findings support establishing nonglobal ‘climate clubs’ to overcome the lack of global cooperation in international climate policy.

Keywords: International climate regime, technological uncertainty, cooperative game theory, computable general equilibrium model

 

DOI: https://www.worldscientific.com/doi/abs/10.1142/‌S2010007821500135

 


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Project 1
Cross-cultural differences in the perception of corporate social responsibility and consumer social responsibility along global supply chains
Project 1
Experimental studies of moral responsibility in global supply chains
Project 1
Modelling economic and social dimensions of global supply chains
Project 1
Global supply chains, environmental regulation and green innovation

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Cross-cultural differences in the perception of corporate social responsibility and consumer social responsibility along global supply chains Experimental studies of moral responsibility in global supply chains
Modelling economic and social dimensions of global supply chains Global supply chains, environmental regulation and green innovation Further KCG Projects

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