Fair international protocols for the abatement of GHG emissions

Biung-Ghi Ju (), Min Kim (), Suyi Kim () and Juan Moreno-Ternero
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Biung-Ghi Ju: Department of Economics, Seoul National University
Min Kim: Rutgers University, USA
Suyi Kim: Hongik University, Korea

No 21.01, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: We study the design of fair international protocols for the abatement of GHG emissions. We formulate normative principles, pertaining to countries' population, emission history, and (business as usual) future emissions, as axioms for allocation rules. We show that combinations of these axioms characterize the so-called equal per capita allocation rules, with or without historical accountability. The allocations provided by these rules are in stark contrast with the allocation suggested by the Kyoto protocol, which is close to the allocation in proportion to the current and business-as-usual emissions, suggested by the equal per emission (grandfathering) rule. As we illustrate, equal per capita allocations admit more emissions to developing countries with large populations. And, with historical accountability, developed countries with large historical emissions are clearly penalized.

Keywords: climate change; GHG reduction targets; allocation rules; historical accountability; history independence; equal per capita allocation (search for similar items in EconPapers)
JEL-codes: D63 Q52 Q54 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2021
New Economics Papers: this item is included in nep-ene, nep-env and nep-gth
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Journal Article: Fair international protocols for the abatement of GHG emissions (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pab:wpaper:21.01

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