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Tradeable CO2 Emission Permits: Initial Distribution as a Justice Problem

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  • Kverndokk, S.

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.
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  • Kverndokk, S., 1992. "Tradeable CO2 Emission Permits: Initial Distribution as a Justice Problem," Memorandum 1992_023, Oslo University, Department of Economics.
    • Handle: RePEc:hhs:osloec:1992_023
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    1. William R. Cline, 1992. "Economics of Global Warming, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 39, July.
    2. Jayant Sathaye & Andrea Ketof, 1991. "CO2 Emissions from Major Developing Countries: Better Understanding the Role of Energy in the Long Term," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1), pages 161-196.
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    Cited by:

    1. Johan Eyckmans & Michael Finus, 2006. "New roads to international environmental agreements: the case of global warming," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 7(4), pages 391-414, December.
    2. 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.
    3. Zhou, P. & Wang, M., 2016. "Carbon dioxide emissions allocation: A review," Ecological Economics, Elsevier, vol. 125(C), pages 47-59.
    4. Jiangyue Joy Ying & Benjamin K. Sovacool, 2021. "A fair trade? Expert perceptions of equity, innovation, and public awareness in China’s future Emissions Trading Scheme," Climatic Change, Springer, vol. 164(3), pages 1-23, February.
    5. MacKenzie, Ian A. & Hanley, Nick & Kornienko, Tatiana, 2009. "Using contests to allocate pollution rights," Energy Policy, Elsevier, vol. 37(7), pages 2798-2806, July.
    6. Da Zhang & Marco Springmann & Valerie J. Karplus, 2016. "Equity and emissions trading in China," Climatic Change, Springer, vol. 134(1), pages 131-146, January.
    7. Eyckmans, Johan & Kverndokk, Snorre, 2010. "Moral concerns on tradable pollution permits in international environmental agreements," Ecological Economics, Elsevier, vol. 69(9), pages 1814-1823, July.
    8. Kverndokk, Snorre & Rose, Adam, 2008. "Equity and Justice in Global Warming Policy," International Review of Environmental and Resource Economics, now publishers, vol. 2(2), pages 135-176, October.
    9. Christoph Bohringer & Heinz Welsch, 2006. "Burden sharing in a greenhouse: egalitarianism and sovereignty reconciled," Applied Economics, Taylor & Francis Journals, vol. 38(9), pages 981-996.
    10. Karen Evelyn Hauge & Snorre Kverndokk & Andreas Lange, 2021. "Why People Oppose Trade Institutions - On Morality, Fairness and Risky Actions," CESifo Working Paper Series 9456, CESifo.
    11. Kjell Arne Brekke & Olof Johansson-Stenman, 2008. "The behavioural economics of climate change," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(2), pages 280-297, Summer.
    12. Wei, Chu & Ni, Jinlan & Du, Limin, 2012. "Regional allocation of carbon dioxide abatement in China," China Economic Review, Elsevier, vol. 23(3), pages 552-565.
    13. Olivier Godard, 2012. "Instruments économiques, justification et normes de justice : le cas de la politique climatique," Working Papers hal-00689762, HAL.
    14. Vincent Steenberghe, 2005. "Carbon dioxide abatement costs and permit price: exploring the impact of banking and the role of future commitments," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 7(2), pages 75-107, June.
    15. M. Germain & V. van Steenberghe, 2003. "Constraining Equitable Allocations of Tradable CO 2 Emission Quotas by Acceptability," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 26(3), pages 469-492, November.
    16. Adam Rose & Brandt Stevens & Jae Edmonds & Marshall Wise, 1998. "International Equity and Differentiation in Global Warming Policy," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(1), pages 25-51, July.
    17. Hoel,M., 2001. "Allocating greenhouse gas emissions among countries with mobile populations," Memorandum 20/2001, Oslo University, Department of Economics.
    18. Da Zhang & Marco Springmann & Valerie Karplus, 2016. "Equity and emissions trading in China," Climatic Change, Springer, vol. 134(1), pages 131-146, January.
    19. Snorre Kverndokk, 2013. "Moral positions on tradable permit markets," Chapters, in: Roger Fouquet (ed.), Handbook on Energy and Climate Change, chapter 22, pages 490-499, Edward Elgar Publishing.
    20. Kampas, Athanasios & White, Ben, 2003. "Selecting permit allocation rules for agricultural pollution control: a bargaining solution," Ecological Economics, Elsevier, vol. 47(2-3), pages 135-147, December.
    21. 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.
    22. VAN STEENBERGHE, Vincent, 2003. "CO2 abatement costs and permits price : Exploring the impact of banking and the role of future commitments," LIDAM Discussion Papers CORE 2003098, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    23. Marian Leimbach & Anastasis Giannousakis, 2019. "Burden sharing of climate change mitigation: global and regional challenges under shared socio-economic pathways," Climatic Change, Springer, vol. 155(2), pages 273-291, July.
    24. Jie Wu, Ying Fan, Yan Xia, 2016. "The Economic Effects of Initial Quota Allocations on Carbon Emissions Trading in China," The Energy Journal, International Association for Energy Economics, vol. 0(China Spe).

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