Does Distribution Matter? Efficiency, Equity and Flexibility in Greenhouse Gas Abatement

Autor:	Georg Müller-Fürstenberger, Gunter Stephan
Rok vydání:	2004
Předmět:	Microeconomics Economics and Econometrics World economy Equity (economics) Endowment Greenhouse gas media_common.quotation_subject Economics Greenhouse Management Monitoring Policy and Law Climate policy Welfare media_common
Zdroj:	Environmental and Resource Economics. 27:87-107
ISSN:	0924-6460
DOI:	10.1023/b:eare.0000016807.01447.b4
Popis:	This paper analyses banking and borrowing ofcarbon emission rights within the framework ofa simple, integrated assessment model. Breaking the world economy in just two regionsit will be shown: (1) Increasing intertemporal flexibility in greenhouse gasabatement through banking and borrowing ofcarbon emission permits has a positive effecton welfare for regions with a poor endowment incarbon emission rights, but negatively affectsrich-endowed regions. (2) Intergenerationalfairness advocates intertemporal flexibility ingreenhouse gas abatement, irrespectively of theinitial allocation of carbon rights. (3)Optimal carbon accumulation is not independentof the initial allocation of carbon rights. Different initial sharing rules clearlyinfluence the development of atmospheric carbonconcentration.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::38986ee3a89ec81ccb8342ed77755855 https://doi.org/10.1023/b:eare.0000016807.01447.b4 Zobrazit plný text záznamu Full text from SpringerLink