Climate action beyond the Paris Accord

Stéphane Dion and Eloi Laurent

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Abstract: in this paper we propose to shift climate negotiations from the current logic of quantity to a logic of price. Our proposal brings together the logic of science-based efficiency and the logic of ethics-based justice. A carbon budget set to the two-degree limit leads to the establishment of a differentiated trajectory of gradually converging global pricing of carbon, each country freely determining the mix of instruments used to raise its price. Furthermore, our carbon price system addresses inequalities between countries (through modulations and compensations) and inequalities within countries (accelerating adaptation of financing)

Keywords: COP 21; Climate negotitions; carbon price; climate justice (search for similar items in EconPapers)
Date: 2015-09-01
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Working Paper: Climate Action beyond the Paris Accord (2015)
Working Paper: Climate action beyond the Paris Accord (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:spmain:hal-03459696

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