Arbeitspapier

The optimal timing of greenhouse gas emission abatement, individual rationality and intergenerational equity

This paper explores the relationship between rationality and equity in an intergenerational context of greenhouse gas emission reduction. It is shown that the least-cost trajectory to a constraint on cumulative emissions implies an upward-sloping emission reduction effort, in most cases, whether technological development is exogenous or endogenous (either investments in research, development and demonstration or learning-by-doing). The least-cost trajectory, however, also implies in most cases that generations in the further future face higher relative costs than do generations in the nearer future. Cost-effectiveness thus may well violate intergenerational equity and rationality of future decision makers. More equitable solutions would lead to a relative shift of abatement effort to the near future, although emission reduction would still be increasing over time. In all cases, technological development in the earlier decades is very important.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 3.1998

Klassifikation
Wirtschaft
Renewable Resources and Conservation: Water
Energy: General
Thema
Climate change
Timing of emission abatement
Cost-effectiveness
Rationality
Equity
Immissionsschutz
Klimawandel
Kosten-Wirksamkeits-Analyse
Rationales Verhalten
Gerechtigkeit
Generationengerechtigkeit
Theorie

Ereignis
Geistige Schöpfung
(wer)
Tol, Richard S. J.
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
1998

Handle
Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Tol, Richard S. J.
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 1998

Ähnliche Objekte (12)