EconPapers    
Economics at your fingertips  
 

Climate clubs and the macro-economic benefits of international cooperation on climate policy

Leonidas Paroussos, Antoine Mandel, Kostas Fragkiadakis, Panagiotis Fragkos, Jochen Hinkel and Zoi Vrontisi
Additional contact information
Panagiotis Fragkos: E3MLab - Institute of Communication and Computer Systems - NTUA - National Technical University of Athens [Athens]
Jochen Hinkel: Global Climate Forum e.V.
Zoi Vrontisi: E3MLab - Institute of Communication and Computer Systems - NTUA - National Technical University of Athens [Athens]

Post-Print from HAL

Abstract: The Paris agreement has provided a new framework for climate policy. Complementary forms of international collaboration, such as climate clubs, are probably necessary to foster and mainstream the process of gradual and voluntary increase in nationally determined contributions. We provide a quantitative macro-economic assessment of the costs and benefits that would be associated with different climate club architectures. We find that the key benefits that could structure the club are enhanced technological diffusion and the provision of low-cost climate finance, which reduce investment costs and also enables developing countries to take full advantage of technological diffusion. Although they face the highest absolute mitigation cost, China and India are the largest relative winners from club participation because the burden faced by these countries to finance their energy transition can be massively reduced following their participation in the club.

Keywords: Climate change; Economics; Government (search for similar items in EconPapers)
Date: 2019-07
References: Add references at CitEc
Citations: View citations in EconPapers (24)

Published in Nature Climate Change, 2019, 9 (7), pp.542-546. ⟨10.1038/s41558-019-0501-1⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Climate clubs and the macro-economic benefits of international cooperation on climate policy (2019) Downloads
Working Paper: Climate clubs and the macro-economic benefits of international cooperation on climate policy (2019)
Working Paper: Climate clubs and the macro-economic benefits of international cooperation on climate policy (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02334592

DOI: 10.1038/s41558-019-0501-1

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-22
Handle: RePEc:hal:journl:halshs-02334592