Equity and the Convergence of Nationally Determined Climate Policies

Lucas Bretschger

No 16/246, CER-ETH Economics working paper series from CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich

Abstract: By adopting the Paris Agreement on climate change the world community has agreed on global goals for climate policy. However, by relying on voluntary contributions and respecting "national circumstances" it does not ensure efficient and equitable country policies. To derive guidelines for a fair burden sharing between countries the paper applies welfare theory and combines it with general equity principles. The procedure selects those "national circum- stances" which are suitable for internationally acceptable policies. The concept is then compared to policies formulated by purely selfish countries. A convergence process closing the gap between country contributions and the optimum international climate policy is developed. It is argued that equity-based signals can be a forceful means supporting this process.

Keywords: Climate policy; equity; climate agreements; social welfare (search for similar items in EconPapers)
JEL-codes: D63 H40 Q54 Q56 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2016-05
New Economics Papers: this item is included in nep-ene and nep-env
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Journal Article: Equity and the convergence of nationally determined climate policies (2017)
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