Global impact of a climate treaty if the Human Development Index replaces GDP as a welfare proxy
| Autor: | van den Bergh, Jeroen, Botzen, W.J.W., Overig wetenschappelijk personeel, UU LEG Research UUSE Multidisciplinary Economics, UU LEG Research USE Tjalling C. Koopmans Institute |
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| Přispěvatelé: | Spatial Economics, Environmental Economics, Amsterdam Global Change Institute |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Atmospheric Science
Economic growth Natural resource economics media_common.quotation_subject Climate change Developing country Social Welfare 010501 environmental sciences Environmental Science (miscellaneous) Management Monitoring Policy and Law 01 natural sciences Gross domestic product Developing countries 0502 economics and business Economics Climate agreement SDG 13 - Climate Action Human Development Index 050207 economics Treaty 0105 earth and related environmental sciences media_common SCI and SSCI Journals Global and Planetary Change Global temperature 05 social sciences GDP criticism developing countries economic growth climate change Welfare |
| Zdroj: | Climate Policy, 18(1), 76. Taylor & Francis Dipòsit Digital de Documents de la UAB Universitat Autònoma de Barcelona Climate Policy, 18(1), 76-85. Earthscan van den Bergh, J C J M & Botzen, W J W 2018, ' Global impact of a climate treaty if the Human Development Index replaces GDP as a welfare proxy ', Climate Policy, vol. 18, no. 1, pp. 76-85 . https://doi.org/10.1080/14693062.2016.1227954 |
| ISSN: | 1752-7457 1469-3062 |
| DOI: | 10.1080/14693062.2016.1227954 |
| Popis: | Unidad de excelencia María de Maeztu MdM-2015-0552 This study explores the implications of shifting the narrative of climate policy evaluation from one of costs/benefits or economic growth to a message of improving social welfare. Focusing on the costs of mitigation and the associated impacts on gross domestic product (GDP) may translate into a widespread concern that a climate agreement will be very costly. This article considers the well-known Human Development Index (HDI) as an alternative criterion for judging the welfare effects of climate policy. We estimate what the maximum possible annual average increase in HDI welfare per tons of CO2 would be within the carbon budget associated with limiting warming to 2°C over the period 2015-2050. Emission pathways are determined by a policy that allows the HDI of poor countries and their emissions to increase under a business-as-usual development path, while countries with a high HDI value (>0.8) have to restrain their emissions to ensure that the global temperature rise does not exceed 2°C. For comparison, the well-known multi-regional RICE model is used to assess GDP growth under the same climate change policy goals. |
| Databáze: | OpenAIRE |
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