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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

Billette de Villemeur, Etienne and 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. Forthcoming in: Revue Française d'Economie

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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.

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