Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 10th Sept 2026, 07:05:36pm CEST (Norway)
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Daily Overview |
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International cooperation and climate policy Location: Auditorium Q Session Chair: Geir B. Asheim, University of Oslo | |
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Complementary climate policies for supply and demand 1: University of Oslo, Norway; 2: Stanford Graduate School of Business, CA, USA We show that climate policies combining both supply-side and demand-side instruments have a greater prospect of being self-enforcing than policies that limit emissions solely by restricting the demand for fossil fuels. Using only demand-side instruments (like emission taxes or tradable emission permits) lowers the market price of fossil fuels, thereby increasing the gains from trade that countries obtain by deviating from an agreement, and reducing the gains that exporters reap from cooperation. By instead using a combination of extraction and emission taxes, leading to a higher market price, the defecting country’s gains from trade can be reduced, and the exporters’ and importers’ gains from cooperation are equalized. We demonstrate that, when the first-best agreement is not self-enforcing, then both the depth and the value of the second-best treaty are increased by combining extraction and emission taxes. | |