Economic analysis of international climate cooperation

"I develop and estimate an integrated model of global climate and regional economies to study international cooperation on net-zero carbon emission among sixteen geographic regions. I find that achieving net-zero emission by mid-century reduces global social welfare loss by up to 35%, accounting for the emission reduction cost. However, I show that this international cooperation suffers the ""tragedy-of-commons"" problem due to the positive externality of emission reduction policies. I then combine theory and numerical simulations to study the effectiveness of trigger strategies and transfer payments in resolving this problem. The results presented here, however, suggest that they may not be sufficient to sustain global cooperation for achieving net-zero carbon emission by mid-century."

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2021

Author dc:creator

• Yang, Bei

Contributors dc:contributor

• Williams, Steven
• Singer, Clifford
• Bernhardt, Mark Daniel
• Krasa, Stefan
• Lemus, Jorge

• Climate change
• Cooperation
• Game theory

Statement dc:rights

• Copyright 2021 Bei Yang

Language dc:language

en

Handle dc:identifier

http://hdl.handle.net/2142/110488

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/110488