Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/171689
Authors: 
Bretschger, Lucas
Year of Publication: 
2016
Series/Report no.: 
Economics Working Paper Series 16/246
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

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