July 6, Professor Larry Karp, University of California at Berkeley made a presentation entitled "The Political Economy of Environmental Policy with Overlapping Generations". Dean Professor Wei Yiming, Deputy Dean Professor Wang Zhaohua and more than 20 people attended the meeting.

　　Professor Karp presented a research competed recently in collaboration with Professor Rezai. Based on the author's assumptions and analytical framework, as currently the average age of the population in developed countries is higher than that in developing countries, and so is the per capita assets, thus the institutional arrangements in global carbon emissions require developed countries to appropriately compensate developing countries, not just for morality or justice reasons, but also because climate policy itself undermines the interests of developing countries. The paper provided some enlightenment for current climate negotiations.

Speaker Biography:
　　Larry S. Karp is a UC Berkeley professor of Agricultural and Resource Economics, part-time professor for Texas A & M and other colleges. Mainly engaged in environmental economics, global climate policy, international economics, dynamic optimization and dynamic game and other research. Former or current editor, associate editor or editorial board for the Journal of Environmental Economics and Management, American Journal of Agricultural Economics, Journal of Economic Dynamics and Control and many other periodicals. Published over 100 papers, of which more than 10 papers in seven top economics journals.