Tradeable CO 2 Emission Permits: Initial Distribution as a Justice Problem
AbstractOne characteristic of tradeable emission permits is that efficiency and justice considerations can be separated. While Pareto optimality is an accepted efficiency principle, there is not a consensus on a 'best' equity principle. In this article, conventional justice principles are used to evaluate alternative allocation rules for tradeable CO 2 permits, and a distribution proportional to population is recommended. Arguments against the population rule are discussed, especially those pertaining to political feasibility. While justice and political feasibility may indeed contrast, it still may be possible to emphasise the population rule in the future.
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Bibliographic InfoArticle provided by White Horse Press in its journal Environmental Values.
Volume (Year): 4 (1995)
Issue (Month): 2 (May)
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Web page: http://www.erica.demon.co.uk
Global warming; tradeable emission permits; justice principles; political feasibility;
Find related papers by JEL classification:
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Costs; Distributional Effects; Employment Effects
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
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