Arbeitspapier

Towards sustainable carbon markets: Requirements for ecologically effective, economically efficient, and socially just emissions trading schemes

Domestic climate policy emissions trading schemes appear to be spreading all over the word. However, carbon markets in existence often suffer from dilution in terms of ecological effectiveness, economic efficiency, and social justice. Thus, in order to firmly base carbon markets on the main pillars of Sustainable Development, this paper defines the criteria of ecological effectiveness, economic efficiency and social justice and operationalizes them for giving design recommendations for sustainable carbon markets. Methodologically, the paper uses welfare and institutional economics, jurisprudential reasoning, and modern climate justice thinking in order to discuss the three criteria. In addition, design and implication analysis is applied in order to develop design recommendations for sustainable carbon markets. By doing so, the paper provides evaluation criteria for emissions trading schemes in existence and in planning, but also allows for improvements in order to make emissions trading a valuable instrument of a sustainable global climate policy.

Sprache
Englisch

Erschienen in
Series: MAGKS Joint Discussion Paper Series in Economics ; No. 34-2011

Klassifikation
Wirtschaft
Externalities
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Energy: Government Policy
Climate; Natural Disasters and Their Management; Global Warming
Environmental Economics: Government Policy
Thema
sustainability
emissions trading
climate policy
justice
efficiency
effectiveness
Emissionshandel
Nachhaltige Entwicklung
Klimaschutz
Allokationseffizienz
Wirkungsanalyse
Gerechtigkeit
Theorie

Ereignis
Geistige Schöpfung
(wer)
Rudolph, Sven
Lenz, Christine
Lerch, Achim
Volmert, Barbara
Ereignis
Veröffentlichung
(wer)
Philipps-University Marburg, Faculty of Business Administration and Economics
(wo)
Marburg
(wann)
2011

Handle
Letzte Aktualisierung
20.09.2024, 08:23 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

  • Rudolph, Sven
  • Lenz, Christine
  • Lerch, Achim
  • Volmert, Barbara
  • Philipps-University Marburg, Faculty of Business Administration and Economics

Entstanden

  • 2011

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