We develop a dynamic resource extraction game that mimics the global multi-generation planning problem for climate change and fossil fuel extraction. We implement the game under different conditions in the laboratory. Compared to a 'libertarian' baseline condition, we find that policy interventions that provide a costly commitment device or reduce climate threshold uncertainty reduce resource extraction. We also study two conditions to assess the underlying social preferences and the viability

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... f ecological dictatorship. Our results suggest that climate-change policies that focus on investments that lock the economy into carbonfree energy sources provide an important commitment device in the intertemporal cooperation problem.