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International Equity and Differentiation in Global Warming Policy

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  • Adam Rose
  • Brandt Stevens
  • Jae Edmonds
  • Marshall Wise

Abstract

ne of the major obstacles to reaching a comprehensive agreement on global warming is the setting of greenhouse gas emission reduction targets for individual countries. Long-standing tensions between industrialized and developing countries have raised the issue of equity in burden-sharing. Moreover, individual industrialized nations have pleaded special circumstances and have sought differentiation in their obligations. This paper analyzes alternative rules for distributing tradable carbon dioxide emissions permits. A non-linear programming model, which distinguishes between allocation-based and outcome-based rules, is used to analyze the relative welfare outcomes. The model is applied to the world body of nations and yields several important policy implications. Copyright Kluwer Academic Publishers 1998

Suggested Citation

  • 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.
    • Handle: RePEc:kap:enreec:v:12:y:1998:i:1:p:25-51
    DOI: 10.1023/A:1008262407777
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    References listed on IDEAS

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