Journal
RESOURCE AND ENERGY ECONOMICS
Volume 42, Issue -, Pages 31-52Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.reseneeco.2015.06.004
Keywords
Carbon emissions; Emissions groups; Heterogeneity; Abatement policy; Finite mixture models
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Economists and environmental policymakers have recently begun advocating a bottom-up approach to climate change mitigation, focusing on reduction targets for groups of nations, rather than large scale global policies. We advance this discussion by conducting a rigorous empirical analysis of the global distribution of carbon emissions along several important dimensions: groupings, polarization, mobility, and volatility. In contrast to previous work, our empirical analysis is both comprehensive and data-driven. We discuss how robust empirical evidence may aid policymakers in forging a heterogeneous carbon abatement policy. (C) 2015 Elsevier B.V. All rights reserved.
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