Nuremberg Research Seminar in Economics on 11 May 2022 – ZOOM
You are invited to join the weekly Nuremberg Research Seminar in Economics on 11 May 2022, from 13.15 to 14.45 pm. The seminar will be held via Zoom. Robert Staiger (Dartmouth College) will be talking about „International Climate Agreements and the Scream of Greta“.
More information can be found here:
The world appears to be facing imminent peril, as countries are not doing enough to keep the Earth’s temperature from rising to catastrophic levels and various attempts at international cooperation have failed. Why is this problem so intractable? Can we expect an 11th-hour solution? Will some countries, or even all, succumb on the equilibrium path? We address these questions through a model that features the possibility of climate catastrophe and emphasizes the role of international externalities that a country‘s policies exert on other countries and intertemporal externalities that current generations exert on future generations. Within this setting, we explore the extent to which international agreements can mitigate the problem of climate change. Our analysis illuminates the role that international climate agreements can be expected to play in addressing climate change, and it points to important limitations on what such agreements can achieve, even under the best of circumstances.