Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/37540
Authors: 
Hummel, Noemi
Gersbach, Hans
Year of Publication: 
2010
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: International Climate Policy after Copenhagen D2-V2
Abstract: 
We suggest a development-compatible refunding system designed to mitigate climate change. Industrial countries pay an initial fee into a global fund. Each country chooses its national carbon tax. Part of the global fund is refunded to developing and industrial countries, in proportion to the relative emission reductions they achieve. Countries receive refunds net of tax revenues. We show that such a scheme can simultaneously achieve efficient emission reductions and equity objectives, as developing countries abate voluntarily, do not have to pay an initial fee, are net receivers of funds, and are net beneficiaries. Moreover, we explore the potential of simple refunding schemes that do not claim tax revenues and only rely on initial fees paid by industrial countries.
Subjects: 
climate change mitigation
refunding scheme
international agreements
developing countries
JEL: 
Q54
O10
H41
Document Type: 
Conference Paper

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