July 11 2013

FEEM Re3: "Turning the Tide against Inaction: Partial Climate Agreements with Open Entry"

In this article FEEM researchers Fabio Sferra and Massimo Tavoni evaluate the possibility of an "open" partial climate agreement, with only a subset of countries ratifying a treaty. The results of their work are very promising and indicate that a partial climate agreement with open membership is indeed able to engage the major developing economies in mitigation actions, and to relieve welfare losses of the signatory regions.

Review of Environment, Energy and Economics - Re3

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