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Safe vs. Fair: A Formidable Trade-off in Tackling Climate Change

Author

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  • Massimo Tavoni

    () (Fondazione Eni Enrico Mattei (FEEM) and Euro-Mediterranean Center on Climate Change (CMCC), Corso Magenta 63, 20123 Milano, Italy
    Princeton Environmental Institute, Princeton University, Nassau Hall, Princeton, NJ 08544, USA)

  • Shoibal Chakravarty

    () (Princeton Environmental Institute, Princeton University, Nassau Hall, Princeton, NJ 08544, USA)

  • Robert Socolow

    () (Princeton Environmental Institute, Princeton University, Nassau Hall, Princeton, NJ 08544, USA
    Department of Mechanical and Aerospace Engineering, Princeton University, Princeton, NJ 08544, USA)

Abstract

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 CO 2 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 transactions compensate for physical emissions: the safe vs . fair tradeoff is less severe but remains formidable. Finally, we explore very large deployment of engineered carbon sinks and show that roughly 1,000 Gt CO 2 of cumulative negative emissions over the century are required to have a significant effect, a remarkable scale of deployment. We also identify the unexplored issue of how such sinks might be treated in sub-global carbon accounting.

Suggested Citation

  • Massimo Tavoni & Shoibal Chakravarty & Robert Socolow, 2012. "Safe vs. Fair: A Formidable Trade-off in Tackling Climate Change," Sustainability, MDPI, Open Access Journal, vol. 4(2), pages 1-17, February.
  • Handle: RePEc:gam:jsusta:v:4:y:2012:i:2:p:210-226:d:15971
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    References listed on IDEAS

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    1. van Vuuren, Detlef P. & van Vliet, Jasper & Stehfest, Elke, 2009. "Future bio-energy potential under various natural constraints," Energy Policy, Elsevier, vol. 37(11), pages 4220-4230, November.
    2. Neumayer, Eric, 2000. "In defence of historical accountability for greenhouse gas emissions," Ecological Economics, Elsevier, vol. 33(2), pages 185-192, May.
    3. Andreas Oberheitmann, 2010. "A new post-Kyoto climate regime based on per-capita cumulative CO 2 -emission rights—rationale, architecture and quantitative assessment of the implication for the CO 2 -emissions from China, India an," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 15(2), pages 137-168, February.
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    Cited by:

    1. Carlo Carraro & Emanuele Massetti, 2012. "Beyond Copenhagen: a realistic climate policy in a fragmented world," Climatic Change, Springer, vol. 110(3), pages 523-542, February.
    2. Massetti, Emanuele & Tavoni, Massimo, 2012. "A developing Asia emission trading scheme (Asia ETS)," Energy Economics, Elsevier, vol. 34(S3), pages 436-443.

    More about this item

    Keywords

    climate policy; burden sharing; negative emissions;

    JEL classification:

    • Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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