Climate change—environmental and technology policies in a strategic context

Alistair Ulph () and David Ulph

Environmental & Resource Economics, 2007, vol. 37, issue 1, 159-180

Abstract: There are a number of features of climate change which make it one of the most challenging problems confronting policy makers and policy analysts. In this paper we consider three such features: (i) climate change is a global pollutant so there are strategic interactions between governments over climate policy; (ii) cutting greenhouse gas emissions can have significant cost effects across a number of sectors of the economy, raising concerns about the implications of climate change policy on competitive advantage; (iii) the long-time scales on which climate change operates means that an important dimension of climate change policy is policy towards R&D to cut the costs of dealing with climate change. In Ulph and Ulph (1996) [Ulph A, Ulph D (1996) In: Carraro C, Katsoulacos Y, Xepapadeas A (eds) Environmental policy and market structure. Kluwer, Dordrecht, pp 181–208] we presented a model to analyse these issues, but considered only environmental policies. In this paper we extend that analysis to allow for both a richer set of policy instruments (environmental and technology policies) and a richer strategic context. Copyright Springer Science+Business Media, Inc. 2007

Keywords: Climate change; Environmental and technology policies; Strategic output effect; Environmental spillover investment effect; Information sharing asymmetries (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (16)

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DOI: 10.1007/s10640-007-9123-6

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