Does leadership in policy setting reduce pollution and make countries better off?

Ornella Tarola () and Emmanuelle Taugourdeau ()
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Ornella Tarola: DISSE, University of Rome La Sapienza, Rome, Italy
Emmanuelle Taugourdeau: CNRS, CREST, Palaiseau, France

No 2024-11, Working Papers from Center for Research in Economics and Statistics

Abstract: In light of the ongoing debate on Common But Differentiated Responsibilities (CBDR), we wonder whether it is worthwile for industrialized countries to take the lead in reducing emissions, rather than acting simultaneously with less advanced countries. To do this, we compare national payoffs and global emissions in each situation. We also examine whether industrial leakage is an inevitable outcome of asymmetric policies with differentiated abatement responsibilities and, if so, whether unambigously hurts the more industrialized countries. We show that leadership can improve payoffs while reducing global emissions, even though these goals appear to be at odds.

Keywords: Tax Competition; Capital Integration; Global Pollution; Environmental agreements (search for similar items in EconPapers)
JEL-codes: H2 Q5 R3 R5 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2024-11-01
New Economics Papers: this item is included in nep-ene, nep-env, nep-gth and nep-res
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