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International Climate Agreements and the Scream of Greta


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Moynihan Institute of Global Affairs 

Trade, Development and Political Economy presents

International Climate Agreements and the Scream of Greta

Authors: Giovanni Maggi and Robert Staiger

The world is in immediate peril, as countries are not doing enough to keep Earth's temperature from rising to near-catastrophic levels, and various attempts at international cooperation have failed. Why is this problem so intractable? Can we expect an 11th-hour solution to the problem? Will some of the countries, or even all, succumb on the equilibrium path? We address these questions through a formal model that emphasizes the role of two major issues: the intra-temporal externalities that a country's policies exert on other countries, and the inter-temporal externalities that the current generation's policies exert on future generations. We examine the interaction between these two issues and the extent to which international agreements can mitigate the problem.

Giovanni Maggi 

Yale University

Giovanni Maggi is the Howard Leach Professor of Economics and International Affairs at Yale University. He has done path-breaking work on the political economy of trade policy, especially international trade agreements. His work has been published in top Economics journals such as the American Economic Review, the Journal of Political Economy, the Quarterly Journal of Economics and the Review of Economic Studies. He has been a co-editor of the Journal of International Economics and an associated editor of the American Economic Review. Professor Maggi holds a PhD in Economics from Stanford University.

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Exterior of Maxwell in black and white when there was no Eggers building

We’re Turning 100!

To mark our centennial in the fall of 2024, the Maxwell School will hold special events and engagement opportunities to celebrate the many ways—across disciplines and borders—our community ever strives to, as the Oath says, “transmit this city not only not less, but greater, better and more beautiful than it was transmitted to us.”

Throughout the year leading up to the centennial, engagement opportunities will be held for our diverse, highly accomplished community that now boasts more than 38,500 alumni across the globe.