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Climate policies: a burden or a gain?

Thierry Bréchet and Henry Tulkens ()

No 2013002, CORE Discussion Papers from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: That climate policies are costly is evident and therefore often creates major fears. But the alernative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are, and in addition, they are substitutes. This brings climate policies naturally in the realm of benefit-cost analysis. In this paper we illustrate the "direct" cost components of various policies, and then confront them with the benefits generated, that is, the damage cost avoided. However, the sheer benefit-cost criterion is not a sufficient incentive to induce cooperation among countries, a necessary condition for an effective global climate policy. Thus, we also explore how to make use of this criterion in the context of international climate cooperation.

Keywords: climate policy; integrated assessment; cost-benefit analysis; climate coalitions (search for similar items in EconPapers)
JEL-codes: Q2 D9 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
Date: 2013-02-22
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http://uclouvain.be/cps/ucl/doc/core/documents/coredp2013_2web.pdf (application/pdf)

Related works:
Journal Article: Climate Policies: A Burden, or a Gain? (2015) Downloads
Working Paper: Climate policies: a burden, or a gain? (2015)
Working Paper: Climate Policies: A Burden or a Gain? (2013) Downloads
Working Paper: Climate Policies: A Burden or a Gain? (2013) Downloads
Working Paper: Climate Policies: a Burden or a Gain? (2013) Downloads
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