Sharing the Cost of Global Warming

Leroux, Justin and De Villemeur, Étienne (2010) Sharing the Cost of Global Warming. TSE Working Paper, n. 10-186

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Official URL: http://tse-fr.eu/pub/23146

Abstract

Due to meteorological factors, the distribution of the environmental damage due to climate change bears no relationship to that of global emissions. We argue in favor of offsetting this discrepancy, and propose a "global insurance scheme" to be fincanced according to countries responsibility for climate change. Because GHG decay very slowly, we argue that the actual burden of global warming should be shared on the basis of cumulated emissions, raher than sharing the expected costs of actual emissions as in a Pigovian taxation scheme. We characterize new versions of two well-known cost-sharing schemes by adapting the responsibility theory of Bossert and Fleurbaey (1996) to a context with externalities.

Item Type: Monograph (Working Paper)
Language: English
Date: July 2010
JEL codes: D62 - Externalities
D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Q54 - Climate; Natural Disasters
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 18 Jan 2012 06:02
Last Modified: 07 Mar 2018 13:22
OAI ID: oai:tse-fr.eu:23146
URI: http://publications.ut-capitole.fr/id/eprint/3416

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