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Leroux, Justin and De Villemeur, Étienne
(2010)
Sharing the Cost of Global Warming.
TSE Working Paper, n. 10-186
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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 Classification: | 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: | 27 Oct 2021 13:35 |
| OAI Identifier: | oai:tse-fr.eu:23146 |
| URI: | https://publications.ut-capitole.fr/id/eprint/3416 |
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