Climate in the 21st Century

Julia Puaschunder ()

No 18, Proceedings of the 8th International RAIS Conference, March 26-27, 2018 from Research Association for Interdisciplinary Studies

Abstract: Climate justice accounts for the most challenging global governance goal. In the current post- COP21 Paris agreement climate change mitigation and adaptation efforts, the financialization of the ambitious goals has leveraged into a blatant demand. In the weighting of the burden of global warming, the benefits of a warming earth have been neglected since recently. Following the introduction of the gains from climate change, this article proposes a model to distribute the benefits of a warming earth in a fair way based on which countries are losing and which countries are winning from a warming earth until 2100. A macroeconomic cost-benefit analysis thereby aids to find the optimum solution on how to distribute climate change benefits and burden within society. When unidimensionally focusing on estimated GDP growth given a warmer temperature, over all calculated models assuming linear, prospect or hyperbolic gains and losses, the world will be gaining more than losing from a warming earth until 2100.

Keywords: Climate Change; Climate Change Bonds; Climate Change Gains; Climate Change Losses; Climate Justice; Europe; Macroeconomic Modelling; TaxBonds-Transfer Strategy; Taxation; United States; World (search for similar items in EconPapers)
Pages: 38 pages
Date: 2018-04
New Economics Papers: this item is included in nep-ene, nep-env and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in Proceedings of the 8th International RAIS Conference on Social Sciences, March 26-27, 2018, pages 205-243

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Persistent link: https://EconPapers.repec.org/RePEc:smo:tpaper:018

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