Equitable and effective climate policy: Integrating less developed countries into a global climate agreement
Open access
Date
2015-06Type
- Working Paper
ETH Bibliography
yes
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Abstract
The paper derives general rules for equitable burden sharing in international climate policy. The focus is on a new social climate contract between developed and less developed countries (LDCs) which preserves competitiveness of the former and the ”right to development” of the latter. We formally derive conditions under which an LDC keeps the ”right to development” but voluntarily agrees to participate in stringent international climate policy. Two types of policies are analyzed, one with a predefined transfer and the other with a transfer that is tied to emissions-control efforts. We show that offering only one or the other option is inefficient. Chances for a comprehensive agreement are higher when a menu of policy options is available. The number and diversity of LDCs willing to join a global climate treaty is higher when a variety of policy alternatives is available. Show more
Permanent link
https://doi.org/10.3929/ethz-a-010459788Publication status
publishedJournal / series
Economics Working Paper SeriesVolume
Publisher
ETH Zurich, Center of Economic Research (CER-ETH)Subject
Climate policy; Less developed countries; Equitable burden sharing; Right to development; International climate agreementOrganisational unit
02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.
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Is previous version of: https://doi.org/10.3929/ethz-b-000104893
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yes
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