Environmental transfers against global warming: a credit-based program
by Norimichi Matsueda, Koichi Futagami, Akihisa Shibata
International Journal of Global Environmental Issues (IJGENVI), Vol. 6, No. 1, 2006

Abstract: This paper investigates the impacts of institutionalising a credit-based transfer program between developing and developed countries. Such a program is expected to become an essence of the Clean Development Mechanism in the Kyoto protocol. The provisions of financial and technological transfers are incorporated simultaneously into a dynamic game model of global stock pollution, where the efficiency in emission abatement is also described as a stock variable. Our numerical simulation indicates that a credit-based transfer program can be more beneficial for a recipient country as well as for a donor country, than a non-credit-based transfer program.

Online publication date: Tue, 28-Mar-2006

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