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Cooperation of climate clubs

: Kersting, Jan

Volltext urn:nbn:de:0011-n-3674318 (610 KByte PDF)
MD5 Fingerprint: e41f1cef4489f2556fc22a08fa78bbe1
Erstellt am: 8.12.2015

Karlsruhe: Fraunhofer ISI, 2015, 40 S.
Bundesministerium für Bildung und Forschung BMBF
01LA1127A; CORE
Cooperative regimes for future climate policy
Buch, Elektronische Publikation
Fraunhofer ISI ()
climate club; cooperative game; core stability; International Agreements

The slow progress of international climate change negotiations under the UNFCCC has led to calls for discussions in other, non-global fora, so-called "climate clubs". While the existence of stable agreements has been extensively studied in a global setting, cooperation of countries in such a club presents a new situation. I account for these specific circumstances by applying the concept of a subgame of a cooperative game to the game of global negotiations. The results are less optimistic than in the case of global negotiations, and the existence of a stable agreement in the climate club crucially depends on damage and abatement cost parameters of club members and outsiders. I also find that heterogeneity of countries negatively affects the chances of cooperation. An example is provided by the application of the model to the case of the Group of Twenty.