"Carbon Convergence: Driving Forces and Policy implications" is a research project that has recently been granted 2 890 000 SEK by The Swedish Energy Agency (Energimyndigheten).

The aim of the project is to synthesize the existing literature on carbon convergence and empirically analyze the existence of carbon convergence while examining the factors that affect the pattern and empirically analyze how the various principles for allocation of emission rights can affect different counties' commitments.

Runar Brännlund, Magnus Lindmark and Patrik Söderholm are the researchers involved. The research project has a threefold aim. First to synthesize the existing literature on carbon convergence, addressing primarily empirical results and an analysis of its implications for global climate policy implementation. Second to empirically analyze the existence of carbon convergence for a large number of countries and examine the factors (e.g., technological advances, institutions) that affect the regional distribution of emission rates. And last to empirically analyze how the various principles for allocation of emission rights can affect different counties' commitments (and hence their willingness to accept global agreements).

In summary the project highlights the potential impact of different types of allocation principles. Special attention is devoted to the principles that are based on per capita emissions as well as those related to income level. Available data allow a broad study of carbon dioxide emissions in many (though not all) countries.