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The global carbon budget:a conflicting claims problem

Giménez Gómez, José M. (José Manuel), Jordi Teixido and Misericòrdia Vilella Bach

Working Papers from Universitat Rovira i Virgili, Department of Economics

Abstract: Despite global environmental governance has traditionally couched global warming in terms of annual CO2 emissions (a flow), global mean temperature is actually determined by cumulative CO2 emissions in the atmosphere (a stock). Thanks to advances of scientific community, nowadays it is possible to quantify the \global carbon budget", that is, the amount of available cumulative CO2 emissions before crossing the 2oC threshold (Meinshausen et al., 2009). The current approach proposes to analyze the allocation of such global carbon budget among countries as a classical conflicting claims problem (O'Neill, 1982). Based on some appealing principles, it is proposed an efficient and sustainable allocation of the available carbon budget from 2000 to 2050 taking into account different environmental risk scenarios. Keywords: Carbon budget, Conflicting claims problem, Distribution, Climate change. JEL classification: C79, D71, D74, H41, H87, Q50, Q54, Q58.

Keywords: Teoria de jocs; Elecció social; Decisió de grup; Béns públics; Economia del medi ambient; Escalfament global; Política del medi ambient; 33 - Economia; 504 - Ciències del medi ambient (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-ene and nep-env
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Journal Article: The global carbon budget: a conflicting claims problem (2016) Downloads
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