09/2010 Shurojit Chatterji, Sayantan Ghosal, Sean Walsh and John Whalley
Do unilateral measures to cut emissions provide an adequate foundation for global climate change negotiations from a post-Copenhagen perspective? We document the extent and variety for unilateral measures. In a formal model, we examine the conditions under which global learning, by building on the positive spill-overs generated by unilateral measures, delivers cumulative emissions reduction over time. Using our results, we analyse the key features of a global policy regime builds on unilateral measures to accelerate convergence to a low carbon world.
Behavioural Economics and Wellbeing
The Global Development of Policy Regimes to Combat Climate Change, Chapter 8