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Environmental Economics Seminar: Till Requate (Kiel University)

Dates:28 March 2017
Times:13:00 - 14:00
What is it:Seminar
Organiser:School of Social Sciences
Speaker:Prof. Dr. Till Requate
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  • In category "Seminar"
  • In group "(SoSS) Economics"
  • In group "(SoSS) Economics - environmental"
  • By School of Social Sciences

Title: Asymmetry Enhances Success Chances for International Climate Change Negotiations

Abstract:

Fighting climate change, in particular mitigating CO2 emissions is a global public good characterized by several dimensions, notably heterogeneity between the parties involved. It is often argued that such heterogeneity between countries is a major obstacle for cooperative climate policy. We challenge this belief by experimentally simulating two important heterogeneities: asymmetry in wealth and asymmetry in loss when dangerous climate change occurs. We find that under loss asymmetry the success rate in reaching sufficient mitigation to prevent catastrophic climate change is higher than under symmetric conditions. We also observe that neither asymmetric endowment nor the combination of endowment and loss asymmetries lead to different success rates than under symmetry. Our findings suggest that asymmetries may facilitate rather than hinder successful international climate policy negotiations.

Speaker

Prof. Dr. Till Requate

Role: Professor and Dean

Organisation: Kiel University

  • https://www.iwni.bwl.uni-kiel.de/en/team/prof.-dr.-till-requate

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Prasenjit Banerjee

+44(0)1613066916

prasenjit.banerjee@manchester.ac.uk

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