LEADERSHIP IN CLIMATE CHANGE MITIGATION: CONSEQUENCES AND INCENTIVES

• DOI: 10.1111/joes.12203
• Publication Date: 2017-03-22T08:19:04Z
• Authors: Gregor Schwerhoff; Ulrike Kornek; Kai Lessmann; Michael Pahle
• Keywords: Stylized fact

Abstract Initiatives in favor of unilateral action on climate change are frequently challenged by concerns over free riding. Nevertheless, we observe an increasing number efforts at different administrative levels and parts the world. Previous academic literature described various individual mechanisms where emissions abroad may increase or decrease as a reaction to emission reductions. In this paper, collect comprehensive set both positive negative reactions analyze them stylized models. This allows us identify most important characteristics that determine potential leader boost mitigation abroad. We find depends (i) strong ability generate knowledge through leadership, (ii) high degree credibility international community, (iii) similar economic structure emitters. While effects difficult quantify, assessment suggests leakage resulting from well be outweighed reactions.