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Persistent link: https://www.econbiz.de/10011586218
equity. This paper introduces three ways to consider efficiency and equity simultaneously. The first method, inspired by Kant … are reduced so as to equalise total costs and benefits of climate change over the world and over time. Emission reductions … are substantial. This method approximately preserves the inequities that would occur in a world without climate change …
Persistent link: https://www.econbiz.de/10011608505
Climate change is an externality since those who emit greenhouse gases do not pay the long-term negative consequences of their emissions. In view of the resulting inefficiency, it has been claimed that climate policies can be evaluated by the Pareto principle. However, climate policies lead to...
Persistent link: https://www.econbiz.de/10012817856
equity. This paper introduces three ways to consider efficiency and equity simultaneously. The first method, inspired by Kant … are reduced so as to equalise total costs and benefits of climate change over the world and over time. Emission reductions … are substantial. This method approximately preserves the inequities that would occur in a world without climate change …
Persistent link: https://www.econbiz.de/10014172882
Die Verhandlungen zur Fortschreibung des Kyoto-Protokolls in Durban Ende 2011 haben gezeigt, dass kurz- bis mittelfristig mit keinem verbindlichen und ambitionierten globalen Abkommen zur Treibhausgasreduktion zu rechnen ist. Vor diesem Hintergrund gewinnt die klimapolitische Strategie der...
Persistent link: https://www.econbiz.de/10009617959
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10009722000
Recent theoretical work in the economics of climate change has suggested that climate policy is highly sensitive to 'fat-tailed' risks of catastrophic outcomes (Weitzman, 2009). Such risks are suggested to be an inevitable consequence of scientific uncertainty about the effects of increased...
Persistent link: https://www.econbiz.de/10013127841
In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...
Persistent link: https://www.econbiz.de/10013107537
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10013084012
This paper is a revised version of: "https://ssrn.com/abstract=2667972" https://ssrn.com/abstract=2667972.The Analytic Climate Economy (ACE) closes a gap between analytic climate change assessments and quantitative numeric integrated assessment models (IAMs) used in policy advising. Its...
Persistent link: https://www.econbiz.de/10012896033