Sharing the Cost of Global Warming
AbstractDue to meteorological factors, the distribution of the environmental damage due to climate change bears no relationship to that of global emissions. We argue in favor of offsetting this discrepancy, and propose a âglobal insurance schemeâ to be financed according to countriesâ responsibility for climate change. Because GHG decay very slowly, we argue that the actual burden of global warming should be shared on the basis of cumulated emissions, rather than sharing the expected costs of actual emissions as in a Pigovian taxation scheme. We characterize new versions of two well-known cost-sharing schemes by adapting the responsibility theory of Bossert and Fleurbaey (1996) to a context with externalities. Du fait de phÃ©nomÃ¨nes mÃ©tÃ©orologiques, la rÃ©partition des dommages environnementaux est indÃ©pendante de celle des Ã©missions de gaz Ã effet de serre (GES). Nous explorons la possibilitÃ© de corriger cette inadÃ©quation via un Â« fonds assuranciel global Â», financÃ© en fonction de la responsabilitÃ© de chaque pays concernant les changements climatiques. Ãtant donnÃ© la trÃ¨s longue durÃ©e de vie de plusieurs GES dans l'atmosphÃ¨re, nous avanÃ§ons que les dommages observÃ©s doivent Ãªtre partagÃ©s en fonction des Ã©missions cumulÃ©es, plutÃ´t que de partager les coÃ»ts futurs espÃ©rÃ©s des Ã©missions actuelles, comme le ferait une taxe pigouvienne. Nous employons la thÃ©orie de la responsabilitÃ© de Bossert et Fleurbaey (1996), adaptÃ©e Ã un contexte avec externalitÃ©s, pour caractÃ©riser de nouvelles versions de deux mÃ©canismes de partage connus.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.
Volume (Year): 113 (2011)
Issue (Month): 4 (December)
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Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442
Other versions of this item:
- Étienne Billette de Villemeur & Justin Leroux, 2010. "Sharing the Cost of Global Warming," Cahiers de recherche 1030, CIRPEE.
- Leroux, Justin & de Villemeur, Étienne, 2010. "Sharing the Cost of Global Warming," IDEI Working Papers 629, Institut d'Économie Industrielle (IDEI), Toulouse, revised Feb 2011.
- Etienne BILLETTE de VILLEMEUR & Justin Leroux, 2010. "Sharing the Cost of Global Warming," Cahiers de recherche 10-04, HEC Montréal, Institut d'économie appliquée.
- Etienne Billette de Villemeur & Justin Leroux, 2010. "Sharing the Cost of Global Warming," CIRANO Working Papers 2010s-32, CIRANO.
- Leroux, Justin & de Villemeur, Étienne, 2010. "Sharing the Cost of Global Warming," TSE Working Papers 10-186, Toulouse School of Economics (TSE).
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Leroux, Justin, 2004. "Strategy-proofness and efficiency are incompatible in production economies," Economics Letters, Elsevier, vol. 85(3), pages 335-340, December.
- Marc Fleurbaey & Walter Bossert, 1996. "Redistribution and compensation (*)," Social Choice and Welfare, Springer, vol. 13(3), pages 343-355.
- Norman Henderson & Ian Bateman, 1995. "Empirical and public choice evidence for hyperbolic social discount rates and the implications for intergenerational discounting," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(4), pages 413-423, June.
- Billette de Villemeur, Etienne & Leroux, Justin, 2013. "Curbing emissions through (efficient) carbon liabilities: A note from a climate skeptic's perspective," MPRA Paper 46953, University Library of Munich, Germany.
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