 Fair international protocols for the abatement of GHG emissionsBiung-Ghi Ju, Min Kim, Suyi Kim and Juan Moreno-Ternero Energy Economics, 2021, vol. 94, issue C Abstract: We study the design of fair international protocols for the abatement of GHG emissions. We formulate normative principles, pertaining to countries' population, emission history, and business as usual emissions, as axioms for allocation rules. We show that combinations of these axioms characterize the so-called equal per capita allocation rules, with or without historical accountability. The allocations provided by these rules are in stark contrast with the allocation suggested by the Kyoto Protocol, which is close to the allocation in proportion to the current and business-as-usual emissions, suggested by the equal per emission (grandfathering) rule. As we illustrate, the equal per capita allocations admit more emissions to developing countries with large populations. And, with historical accountability, developed countries with large historical emissions are clearly penalized. Keywords: Climate change; GHG reduction targets; Allocation rules; Historical accountability; History independence; Equal per capita allocation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:94:y:2021:i:c:s014098832030431x DOI: 10.1016/j.eneco.2020.105091 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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