Altruistic Foreign Aid and Climate Change Mitigation

This paper considers one altruistic developed country and several heterogeneous developing countries. We demonstrate that the lack of coordination between countries in tackling climate change finds an optimal solution if developing countries can expect to receive development aid transfers from the d...

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Bibliographic Details
Published in:Environmental & resource economics 2023, Vol.84 (1), p.219-239
Main Authors: Goussebaïle, Arnaud, Bommier, Antoine, Goerger, Amélie, Nicolaï, Jean-Philippe
Format: Article
Language:English
Subjects:
Altruism
Climate change
Climate change mitigation
Coordination
Developed countries
Developing countries
Development aid
Economic Policy
Economics
Economics and Finance
Efficiency
Emissions
Environmental Economics
Environmental Law/Policy/Ecojustice
Environmental Management
Environmental policy
Foreign aid
Humanities and Social Sciences
Industrialized nations
International conferences
LDCs
Median voter
Mitigation
Public good
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Summary:This paper considers one altruistic developed country and several heterogeneous developing countries. We demonstrate that the lack of coordination between countries in tackling climate change finds an optimal solution if developing countries can expect to receive development aid transfers from the developed country. The mechanism requires a sufficiently high level of altruism and specific timing, but a global coalition is not necessary. We also show that the developed country may democratically assign a delegate who is more altruistic than its median voter in order to benefit from the efficiency gain generated by positive development aid transfers.
ISSN:0924-6460
1573-1502
DOI:10.1007/s10640-022-00722-w