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Utilitarian benchmarks for emissions and pledges promote equity, climate and development

Author

Listed:
  • Mark B. Budolfson

    (Rutgers University
    Princeton University)

  • David Anthoff

    (University of California at Berkeley)

  • Francis Dennig

    (Princeton University
    Yale-NUS College)

  • Frank Errickson

    (Princeton University
    Princeton University)

  • Kevin Kuruc

    (University of Oklahoma)

  • Dean Spears

    (Princeton University
    University of Texas at Austin
    Indian Statistical Institute
    IZA Institute of Labor Economics)

  • Navroz K. Dubash

    (Centre for Policy Research)

Abstract

Tools are needed to benchmark carbon emissions and pledges against criteria of equity and fairness. However, standard economic approaches, which use a transparent optimization framework, ignore equity. Models that do include equity benchmarks exist, but often use opaque methodologies. Here we propose a utilitarian benchmark computed in a transparent optimization framework, which could usefully inform the equity benchmark debate. Implementing the utilitarian benchmark, which we see as ethically minimal and conceptually parsimonious, in two leading climate–economy models allows for calculation of the optimal allocation of future emissions. We compare this optimum with historical emissions and initial nationally determined contributions. Compared with cost minimization, utilitarian optimization features better outcomes for human development, equity and the climate. Peak temperature is lower under utilitarianism because it reduces the human development cost of global mitigation. Utilitarianism therefore is a promising inclusion to a set of benchmarks for future explorations of climate equity.

Suggested Citation

  • Mark B. Budolfson & David Anthoff & Francis Dennig & Frank Errickson & Kevin Kuruc & Dean Spears & Navroz K. Dubash, 2021. "Utilitarian benchmarks for emissions and pledges promote equity, climate and development," Nature Climate Change, Nature, vol. 11(10), pages 827-833, October.
  • Handle: RePEc:nat:natcli:v:11:y:2021:i:10:d:10.1038_s41558-021-01130-6
    DOI: 10.1038/s41558-021-01130-6
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    Cited by:

    1. Elisa Belfiori & Manuel Macera, 2024. "Climate Inequality: Carbon Capture for Redistribution," CESifo Working Paper Series 11239, CESifo.
    2. Marco Rogna & Carla J. Vogt, 2022. "Optimal climate policies under fairness preferences," Climatic Change, Springer, vol. 174(3), pages 1-20, October.
    3. Yu Liu & Mingxi Du & Qi Cui & Jintai Lin & Yawen Liu & Qiuyu Liu & Dan Tong & Kuishuang Feng & Klaus Hubacek, 2022. "Contrasting suitability and ambition in regional carbon mitigation," Nature Communications, Nature, vol. 13(1), pages 1-9, December.

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