Climate Policies: a Burden or a Gain?

Thierry Bréchet and Henry Tulkens

No 2013.21, Working Papers from Fondazione Eni Enrico Mattei

Abstract: That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, 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 use this criterion in the context of international climate cooperation.

Keywords: Climate Policy; Integrated Assessment; Cost-Benefit Analysis; Climate Cooperation (search for similar items in EconPapers)
JEL-codes: D61 D9 F42 H87 Q2 Q54 (search for similar items in EconPapers)
Date: 2013-03
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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Persistent link: https://EconPapers.repec.org/RePEc:fem:femwpa:2013.21

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