Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/51977

Climate Policies with Burden Sharing: The Economics of Climate Financing

File Size Format  
HARC 2018 paper 151.pdf 189.82 kB Adobe PDF View/Open

Item Summary

Title:Climate Policies with Burden Sharing: The Economics of Climate Financing
Authors:Puaschunder, Julia M.
Keywords:Climate bonds
Climate change
Climate change adaptation and mitigation
Climate justice
Intergenerational burden sharing
show 4 moreIntertemporal discounting
Nonlinear model predictive control
Social discounting alternatives
Public policy
show less
Date Issued:01 Sep 2017
Abstract:The maintenance of a favorable climate accounts for the most challenging contemporary global governance predicament that seems to pit today’s generation against future world inhabitants. In a trade-off of economic growth versus sustainability, a broad-based international coalition could establish climate justice. As a novel angle towards climate justice, the following paper proposes (1) a well-balanced climate mitigation and adaptation public policy mix guided by micro- and macroeconomic analysis results, and (2) a new way of funding climate change mitigation and adaptation policies through carbon tax and broad-based climate bonds that also involve future generations. Contemporary climate financing strategies (e.g., Sachs Model) are thereby added into Integrated Assessment Models of the Nordhaus Type. Overall, the paper strives to delve deeper into a discussion of how market economies can be brought to a path consistent with prosperity and sustainability. Finding innovative ways how to finance climate abatement over time coupled with future risk prevention as well as adaptation to higher temperatures appears as an innovative and easily-implementable solution to nudge overlapping generations towards climate justice in the sustainability domain.
URI:http://hdl.handle.net/10125/51977
Appears in Collections: 04 Case Studies (CaseStd)


Please email libraryada-l@lists.hawaii.edu if you need this content in ADA-compliant format.

Items in ScholarSpace are protected by copyright, with all rights reserved, unless otherwise indicated.