Global climate change and the equity–efficiency puzzle

Alan Manne and Gunter Stephan

Energy, 2005, vol. 30, issue 14, 2525-2536

Abstract: There is a broad consensus that the costs of abatement of global climate change can be reduced efficiently through the assignment of quota rights and through international trade in these rights. There is, however, no consensus on whether the initial assignment of emissions permits can affect the Pareto-optimal global level of abatement.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:30:y:2005:i:14:p:2525-2536

DOI: 10.1016/j.energy.2004.07.007

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