Choosing to Diet: The Impact and Cost-effectiveness of China’s Vehicle Ownership Restrictions

Anthony Liu, Rubal Dua, Wei-Min Hu and Arthur Lin Ku
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Arthur Lin Ku: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Can voluntary carbon emission reduction pledges, such as the nationally determined contributions under the Paris Agreement, result in significant emission reductions? According to prominent experts such as Nordhaus (2015), Barrett (2005), and Weitzman (2019), free-riding is unavoidable in cooperative situations based on voluntary agreements. If their assessments are correct, each country’s nationally determined contribution is unreliable. Countries will strategically promise large cuts while making only minor emission reductions.

Keywords: Adaptation; Circular Carbon Economy; Climate change; Competitiveness (search for similar items in EconPapers)
Pages: 67
Date: 2023-11-04
New Economics Papers: this item is included in nep-ene and nep-env
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https://www.kapsarc.org/research/publications/choo ... ership-restrictions/ First version, 2023

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2022-dp11

DOI: 10.30573/KS--2022-DP11

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