Climate policies: a burden or a gain?

Thierry Bréchet and Henry Tulkens

No 2013002, LIDAM Discussion Papers CORE 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: D9 Q2 (search for similar items in EconPapers)
Date: 2013-02-22
New Economics Papers: this item is included in nep-agr, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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