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Safe vs. Fair: A Formidable Trade-off in Tackling Climate Change AgEcon
Tavoni, Massimo; Chakravarty, Shoibal; Socolow, Robert.
Global warming requires a response characterized by forward-looking management of atmospheric carbon and respect for ethical principles. Both safety and fairness must be pursued, and there are severe trade-offs as these are intertwined by the limited headroom for additional atmospheric CO2 emissions. This paper provides a simple numerical mapping at the aggregated level of developed vs. developing countries in which safety and fairness are formulated in terms of cumulative emissions and cumulative per capita emissions respectively. It becomes evident that safety and fairness cannot be achieved simultaneously for strict definitions of both. The paper further posits potential global trading in future cumulative emissions budgets in a world where financial...
Tipo: Working or Discussion Paper Palavras-chave: Climate Policy; Burden Sharing; Negative Emissions; Environmental Economics and Policy; Q01; Q56.
Ano: 2011 URL: http://purl.umn.edu/115818
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