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Plaidoyer pour une autre approche des politiques climatiques : De la poursuite de l’intérêt propre à l’introduction du principe de responsabilité
[For another approach to climate policy: From the pursuit of self interest to holding emitters responsible]

Author

Listed:
  • Billette de Villemeur, Etienne
  • Leroux, Justin

Abstract

We explore an alternative to existing economic instruments to tackle climate change: carbon liabilities. Such liabilities would hold countries responsible for future climate damage to the tune of their emissions over time. The prospect of having to repay this carbon debt over time is enough to discipline emitters, leading to the efficient emissions level. Contrary to existing instruments, our scheme does not rest on a consensus regarding the discount factor nor about climate forecasts; this, together with its reliance on observed damage, allows for better international participation as well as to a fairer division of costs and risks.

Suggested Citation

  • Billette de Villemeur, Etienne & Leroux, Justin, 2016. "Plaidoyer pour une autre approche des politiques climatiques : De la poursuite de l’intérêt propre à l’introduction du principe de responsabilité [For another approach to climate policy: From the p," MPRA Paper 74998, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:74998
    as

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    File URL: https://mpra.ub.uni-muenchen.de/76904/3/MPRA_paper_74998.pdf
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    References listed on IDEAS

    as
    1. Horowitz, John & Lange, Andreas, 2014. "Cost–benefit analysis under uncertainty — A note on Weitzman's dismal theorem," Energy Economics, Elsevier, vol. 42(C), pages 201-203.
    2. Etienne Billette de Villemeur & Justin Leroux, 2011. "Sharing the Cost of Global Warming," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(4), pages 758-783, December.
    3. Martin L. Weitzman, 2009. "On Modeling and Interpreting the Economics of Catastrophic Climate Change," The Review of Economics and Statistics, MIT Press, vol. 91(1), pages 1-19, February.
    4. Etienne Billette de Villemeur & Justin Leroux, 2011. "Sharing the Cost of Global Warming," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(4), pages 758-783, December.
    5. -, 2009. "The economics of climate change," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38679, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    6. Justin Leroux, 2015. "Track-and-Trade: A liability approach to climate policy," CIRANO Working Papers 2015s-18, CIRANO.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Carbon liabilities; climate policy; market instruments; Pigou tax;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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