Will the Paris Accord Accelerate Climate Change?
نویسندگان
چکیده
The 2015 Paris climate accord (Paris Agreement) is meant to control our planet’s rising temperature limit change. But it may be doing the opposite in permitting a slow phase-in of CO2 emission mitigation. asks its 195 national signatories specify their reductions and raise those contributions over time. However, there no mechanism enforce these pledges. This said, puts dirty energy producers on notice that days are numbered. Unfortunately, this “use or lose it” message accelerate extraction sale fossil fuels and, thereby, permanently worsen Our paper uses simple OLG model illustrate long-noted, highly troubling Green Paradox. Its framework properly treats damage as negative externality imposed by today’s generations tomorrow’s—an is, part, irreversible if large enough, can tip bad state. shows delaying abatement worse than nothing. Indeed, make all off. In contrast, immediate policy action better Finally, we question standard use infinitely lived, single-agent models determine optimal policy. Intergenerational altruism underlies such models. assumption lacks empirical support. Moreover, were widespread, effective limits CO 2 emissions would, presumably, already place. prescriptions derived from differ, potentially dramatically, actually needed correct imposing tomorrow’s.
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ژورنال
عنوان ژورنال: ????????????? ????????
سال: 2021
ISSN: ['2223-2427']
DOI: https://doi.org/10.18288/1994-5124-2021-1-8-37