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Equitable and effective climate policy: Integrating less developed countries into a global climate agreement

Bretschger, Lucas ; Vinogradova, Alexandra

In: International Economics and Economic Policy, 2015, vol. 12, no. 4, p. 437-467

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    Titre
    • Equitable and effective climate policy: Integrating less developed countries into a global climate agreement
    Auteur
    • Bretschger, Lucas. CER-ETH Center of Economic Research at ETH Zurich, ZUE F7: Zürichbergstrasse 18, CH-8092, Zurich, Switzerland
    • Vinogradova, Alexandra. CER-ETH Center of Economic Research at ETH Zurich, ZUE F13: Zürichbergstrasse 18, CH-8092, Zurich, Switzerland
    Type de document
    • Postprint
    Langue
    • Anglais
    Publié dans
    • International Economics and Economic Policy, 2015, vol. 12, no. 4, p. 437-467. Springer Berlin Heidelberg
    Autre version électronique
    Identifiant OAI-PMH
    • oai:doc.rero.ch:331060
    Summary
    The paper derives general rules for equitable burden sharing in international climate policy. The focus is on a new social climate contract between developed and less developed countries (LDCs) which preserves competitiveness of the former and the "right to development” of the latter. We formally derive conditions under which an LDC keeps the "right to development” but voluntarily agrees to participate in stringent international climate policy. Two types of policies are analyzed, one with a predefined transfer and the other with a transfer that is tied to emissions-control efforts. We show that offering only one or the other option is inefficient. Chances for a comprehensive agreement are higher when a menu of policy options is available. The number and diversity of LDCs willing to join a global climate treaty is higher when a variety of policy alternatives is available.