Public policies against global warming: a supply side approach View Full Text


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Article Info

DATE

2008-05-23

AUTHORS

Hans-Werner Sinn

ABSTRACT

The countries that have ratified the Kyoto Protocol have pledged to limit global warming by reducing the demand for fossil fuels. But what about supply? If suppliers do not react, demand reductions by a subset of countries are ineffective. They simply depress the world price of carbon and induce the environmental sinners to consume what the Kyoto countries have economized on. Even worse, if suppliers feel threatened by a gradual greening of economic policies in the Kyoto countries that would damage their future prices; they will extract their stocks more rapidly, thus accelerating global warming. The paper discusses the remaining policy options against global warming from an intertemporal supply-side perspective. More... »

PAGES

360-394

References to SciGraph publications

  • 1984. Optimal Resource Taxation in RISK AND THE POLITICAL ECONOMY OF RESOURCE DEVELOPMENT
  • 2005-01-01. The Kyoto Protocol: Property Rights and Efficiency of Markets in INSTITUTIONS, SUSTAINABILITY, AND NATURAL RESOURCES
  • 2001-12. A nonlinear impulse response model of the coupled carbon cycle-climate system (NICCS) in CLIMATE DYNAMICS
  • Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1007/s10797-008-9082-z

    DOI

    http://dx.doi.org/10.1007/s10797-008-9082-z

    DIMENSIONS

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