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Climate action beyond the Paris Accord


  • Stéphane Dion
  • Eloi Laurent

    (Observatoire français des conjonctures économiques)


in this paper we propose to shift climate negotiations from the current logic of quantity to a logic of price. Our proposal brings together the logic of science-based efficiency and the logic of ethics-based justice. A carbon budget set to the two-degree limit leads to the establishment of a differentiated trajectory of gradually converging global pricing of carbon, each country freely determining the mix of instruments used to raise its price. Furthermore, our carbon price system addresses inequalities between countries (through modulations and compensations) and inequalities within countries (accelerating adaptation of financing)

Suggested Citation

  • Stéphane Dion & Eloi Laurent, 2015. "Climate action beyond the Paris Accord," Sciences Po publications 2015-22, Sciences Po.
  • Handle: RePEc:spo:wpmain:info:hdl:2441/1m02m1aha29ov8ujggmj30mtfj

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    COP 21; Climate negotitions; carbon price; climate justice;

    JEL classification:

    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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