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Environmental awareness: The case of climate change
[journal article]
Abstract The extent of provision of a public good often relies on social awareness and public support for it. This applies, in particular, to global reduction of greenhouse gases and its relevance for mitigating climate change. We examine the concept of "public awareness" by introducing a formal model that a... view more
The extent of provision of a public good often relies on social awareness and public support for it. This applies, in particular, to global reduction of greenhouse gases and its relevance for mitigating climate change. We examine the concept of "public awareness" by introducing a formal model that analyzes efforts to mitigate climate change in a setting with heterogeneous countries. In the theoretical part we examine the Nash equilibrium of the contribution game. The effects of awareness and economic parameters on mitigation efforts can be disentangled, raising the possibility of linking awareness of climate change with economic wealth. The second part provides some empirical observations and offers the rankings of countries regarding awareness for climate change, as well as an empirical relationship between awareness and economic wealth.... view less
Keywords
diversity; climate change; renewable energy; prosperity; environmental consciousness
Classification
Ecology, Environment
National Economy
Free Keywords
environmental awareness; public goods; Kyoto Protocol; regional economics
Document language
English
Publication Year
2018
Page/Pages
p. 328-345
Journal
Russian Journal of Economics, 4 (2018) 4
ISSN
2618-7213
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0