A global carbon tax to compensate damage and adaptation costs or climate change compensation through a global carbon tax

J.C. Altamirano-Cabrera, D. Bicchetti, L. Drouet, Philippe Thalmann and Marc Vielle

No 331782, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: We analyze in this paper the implications of a global carbon tax on CO2 to finance the damage and adaptation costs of the developing countries. To attain our objective, we use the GEMINI-E3 model. We considered two options for our scenarios, first that the tax is only applied to industrialized countries and secondly, that the tax is charged globally. We conclude that a scheme that put the entire tax burden on the industrialized countries would not be a feasible policy strategy. Furthermore, it would be more likely that industrialized countries accept to finance adaptation because it entails a lower financial burden and might incentive DCs to reduce their emissions.

Keywords: Environmental Economics and Policy; Public Economics (search for similar items in EconPapers)
Pages: 14
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331782

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