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Non-cooperative and Cooperative Responses to Climate Catastrophes in the Global Economy: A North-South Perspective

机译:全球经济对气候灾难的非合作和合作应对:南北视角

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The optimal response to a potential productivity shock which becomes more imminent with global warming is to have carbon taxes to curb the risk of a calamity and to accumulate precautionary capital to facilitate smoothing of consumption. This paper investigates how differences between regions in terms of their vulnerability to climate change and their stage of development affect the cooperative and non-cooperative responses to this aspect of climate change. It is shown that the cooperative response to these stochastic tipping points requires converging carbon taxes for developing and developed regions. The non-cooperative response leads to a bit more precautionary saving and diverging carbon taxes. We illustrate the various outcomes with a simple stylized North-South model of the global economy.
机译:对于潜在的生产力冲击(随着全球变暖而变得更加迫在眉睫)的最佳应对措施是征收碳税,以遏制灾难的风险,并积累预防性资本,以促进消费平稳。本文研究了区域之间在应对气候变化的脆弱性和发展阶段方面的差异如何影响对气候变化这一方面的合作和非合作回应。研究表明,对这些随机临界点的合作反应要求发展中和发达地区的碳税趋同。非合作性的应对措施可以节省更多的预防性费用,并减少碳税。我们用简单的程式化全球经济南北模型来说明各种结果。

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