Logo
Munich Personal RePEc Archive

Curbing Emissions through a Carbon Liabilities Market: A note from a climate skeptic's perspective

Billette de Villemeur, Etienne and Leroux, Justin (2014): Curbing Emissions through a Carbon Liabilities Market: A note from a climate skeptic's perspective.

This is the latest version of this item.

[thumbnail of MPRA_paper_53601.pdf]
Preview
PDF
MPRA_paper_53601.pdf

Download (114kB) | Preview

Abstract

We argue for the creation of a carbon liabilities market to address climate change. Each period, countries would be made liable for their share of responsibility in current climate damage. Because liabilities could be traded like financial debt, robustness to strategic manipulations and e¢ ciency ensue. Moreover, this decentralizes the choice of the rate by which countries discount future beneÖts and damage. Rather than being based on an expected discounted sum of future marginal damage (as with a carbon tax or tradable emission permits) our proposal relies only on observed realized damage and on the well-documented emission history of countries.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.