Financing for climate change

Richard N. Cooper

Energy Economics, 2012, vol. 34, issue S1, S29-S33

Abstract: This paper argues that the 2009 pledge of $100 billion in 2020 by rich countries for mitigation and adaptation should not be used for mitigation by commercial firms in developing countries, since that would artificially create competitive advantage for such firms and provoke protectionist reactions in the rich countries where firms must bear the costs of mitigation, thereby undermining the world trading system. The costs of heating the earth's surface should be borne by all emitters, just as the price of copper and other scarce resources is paid by all users, rich or poor. That will still leave scope for rich country help in adaptation to climate change and in bringing to fruition new technologies to reduce emissions.

Keywords: Financing climate change; Greenhouse gas emissions; Competitive advantage; Carbon charges (search for similar items in EconPapers)
JEL-codes: F18 F51 F53 Q48 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:34:y:2012:i:s1:p:s29-s33

DOI: 10.1016/j.eneco.2012.08.040

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