Environmental awareness: The case of climate change

Shlomo Weber () and Hans Wiesmeth ()
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Shlomo Weber: Southern Methodist University, Dallas, Texas, United States of America
Hans Wiesmeth: Saxon Academy of Sciences and Humanities in Leipzig, Leipzig, Germany

Russian Journal of Economics, 2018, vol. 4, issue 4, 328-345

Abstract: The extent of provision of a public good often relies on social awareness and public support for it. This applies, in particular, to global reduction of greenhouse gases and its relevance for mitigating climate change. We examine the concept of “public awareness” by introducing a formal model that analyzes efforts to mitigate climate change in a setting with heterogeneous countries. In the theoretical part we examine the Nash equilibrium of the contribution game. The effects of awareness and economic parameters on mitigation efforts can be disentangled, raising the possibility of linking awareness of climate change with economic wealth. The second part provides some empirical observations and offers the rankings of countries regarding awareness for climate change, as well as an empirical relationship between awareness and economic wealth.

Keywords: environmental awareness; climate change; public goods; Kyoto Protocol; renewable energies; regional economics; diversity. (search for similar items in EconPapers)
JEL-codes: C72 D74 H41 H87 Q42 Q54 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:arh:jrujec:v:4:y:2018:i:4:p:328-345

DOI: 10.3897/j.ruje.4.33619

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