Economic gains from global cooperation in fulfilling climate pledges

Mitigation of CO2 emissions is a global public good that imposes different regional economic costs. We assess the distributional effects cooperative versus non-cooperative markets to fulfil Nationally Determined Contributions (NDCs), considering permit allocation rules in markets. employ computable general equilibrium model based on GTAP-9 database and add-on GTAP-Power database. Our results show resulting winners losers under policy scenarios with rules. see 2030, we can obtain gains as high $106 billion from cooperation A market equal per capita allowances considerable monetary transfers emission regions low regions. In terms, these are comparable Official Development Assistance (ODA) transfers. also disaggregate mitigation costs into direct indirect shares. For energy-exporting regions, largest cost component unambiguously