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Tradeable CO 2 Emission Permits: Initial Distribution as a Justice Problem

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  • Snorre Kvrndokk

Abstract

One 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.

Suggested Citation

  • Snorre Kvrndokk, 1995. "Tradeable CO 2 Emission Permits: Initial Distribution as a Justice Problem," Environmental Values, White Horse Press, vol. 4(2), pages 129-148, May.
  • Handle: RePEc:env:journl:ev4:ev407
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    Cited by:

    1. Hans-Peter Weikard & Michael Finus & Juan-Carlos Altamirano-Cabrera, 2006. "The impact of surplus sharing on the stability of international climate agreements," Oxford Economic Papers, Oxford University Press, vol. 58(2), pages 209-232, April.
    2. Juan-Carlos Altamirano-Cabrera & Michael Finus, 2006. "Permit trading and stability of international climate agreements," Journal of Applied Economics, Universidad del CEMA, vol. 9, pages 19-48, May.

    More about this item

    Keywords

    Global warming; tradeable emission permits; justice principles; political feasibility;

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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