A Mandatory Carbon Credit Purchase set by a Country's Gross National Happiness

Finnley William River Ross

World Economics, 2023, vol. 24, issue 4, 103-114

Abstract: Countries should be mandated to purchase carbon credits for their shortfall in nationally determined contributions to the Paris Agreement. The carbon credit purchase quantity for each country should be scaled by a country's gross national happiness. Governments should fund this carbon credit purchase through national carbon pricing. Mandating government carbon credit purchases will facilitate far-reaching emissions reductions, carbon removal at scale and combat global inequality.

Date: 2023
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