Plaidoyer pour une autre approche des politiques climatiques: De la poursuite de l’intérêt propre à l’introduction du principe de responsabilité

For another approach to climate policy: From the pursuit of self interest to holding emitters responsible

Etienne Billette de Villemeur and Justin Leroux

MPRA Paper from University Library of Munich, Germany

Abstract: We explore an alternative to existing economic instruments to tackle climate change: carbon liabilities. Such liabilities would hold countries responsible for future climate damage to the tune of their emissions over time. The prospect of having to repay this carbon debt over time is enough to discipline emitters, leading to the efficient emissions level. Contrary to existing instruments, our scheme does not rest on a consensus regarding the discount factor nor about climate forecasts; this, together with its reliance on observed damage, allows for better international participation as well as to a fairer division of costs and risks.

Keywords: Carbon liabilities; climate policy; market instruments; Pigou tax (search for similar items in EconPapers)
JEL-codes: H23 Q54 (search for similar items in EconPapers)
Date: 2016-11-01
New Economics Papers: this item is included in nep-ene and nep-env
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https://mpra.ub.uni-muenchen.de/76904/3/MPRA_paper_74998.pdf revised version (application/pdf)

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