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DTEND;TZID=Europe/London:20160617T140000
UID:583626f587955
DTSTAMP;TZID=Europe/London:20161123T233205Z
LOCATION:London School of Economics\, Room 1.04\, 32 Lincoln's Inn Fields\, London WC2A 3PH
DESCRIPTION:<img class="alignright wp-image-18917 size-full" src="http://www.lse.ac.uk/GranthamInstitute/wp-content/uploads/2016/05/61.jpg" alt="61" width="220" height="330" />
<h3>Grantham Seminar introduced and chaired by Prof. Simon Dietz\, Co-Director of the Grantham Research Institute</h3>
<a href="http://scholar.harvard.edu/weitzman/home">Prof. Martin L. Weitzman</a>\, Professor of Economics at Harvard University\, will be the speaker for this event.

It is difficult to resolve the global warming free-rider externality problem by negotiating many different quantity targets. By contrast\, negotiating a single internationally-binding minimum carbon price (the proceeds from which are domestically retained) counters self-interest. A uniform price embodies "countervailing force" against free riding by automatically incentivizing parties to internalize the externality via a simple understandable formula that embodies a common climate commitment based on principles of reciprocity\, quid-pro-quo and I-will-if-you-will.

The talk is somewhat technical\, being centered on a mathematical model. Some implications will be discussed.
URL;VALUE=URI:http://www.lse.ac.uk/GranthamInstitute/event/grantham-seminar-how-a-minimum-carbon-price-commitment-might-help-to-internalize-the-global-warming-externality/
SUMMARY:Grantham Seminar | How a minimum carbon price commitment might help to internalize the global warming externality
DTSTART;TZID=Europe/London:20160617T123000
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