Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/171689 
Year of Publication: 
2016
Series/Report no.: 
Economics Working Paper Series No. 16/246
Publisher: 
ETH Zurich, CER-ETH - Center of Economic Research, Zurich
Abstract: 
By adopting the Paris Agreement on climate change the world community has agreed on global goals for climate policy. However, by relying on voluntary contributions and respecting "national circumstances" it does not ensure efficient and equitable country policies. To derive guidelines for a fair burden sharing between countries the paper applies welfare theory and combines it with general equity principles. The procedure selects those "national circum- stances" which are suitable for internationally acceptable policies. The concept is then compared to policies formulated by purely selfish countries. A convergence process closing the gap between country contributions and the optimum international climate policy is developed. It is argued that equity-based signals can be a forceful means supporting this process.
Subjects: 
Climate policy
equity
climate agreements
social welfare
JEL: 
Q54
Q56
D63
H40
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
735.03 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.