DP11525 Environmental awareness: The case of climate change

Author(s): Shlomo Weber, Hans Wiesmet
Publication Date: September 2016
Keyword(s): diversity, Environmental awareness, Kyoto protocol, Public Goods, regional economics
JEL(s): C72, D74, H41, H87, Q42, Q54
Programme Areas: Public Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=11525

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.