Environmental transfers against global warming: a credit-based program. (30th March 2006)

• Record Type: Journal Article
• Authors: Matsueda, Norimichi; Futagami, Koichi; Shibata, Akihisa
• Is Part Of: International journal of global environmental issues. Volume 6:Number 1(2006)
• Page Start: 47
• Page End: 72
• Publication Date: 2006-03-30
• Subjects: global warming -- international environmental transfers -- clean development mechanism -- differential game -- open-loop Stackelberg equilibrium -- credit-based transfer -- Kyoto protocol -- dynamic game modelling -- global stock pollution -- emission abatement -- simulation -- greenhouse gases; Global environmental change -- Periodicals; Environmental protection -- Periodicals; Environmental policy -- Periodicals; 363.70526
• Languages: English
• ISSNs: 1466-6650

Abstract

This paper investigates the impacts of institutionalising a credit-based transfer program between developing and developed countries. Such a program is expected to become an essence of the Clean Development Mechanism in the Kyoto protocol. The provisions of financial and technological transfers are incorporated simultaneously into a dynamic game model of global stock pollution, where the efficiency in emission abatement is also described as a stock variable. Our numerical simulation indicates that a credit-based transfer program can be more beneficial for a recipient country as well as for a donor country, than a non-credit-based transfer program.