On the Design of Global Refunding and Climate Change

Arbeitspapier

We design a global refunding scheme as a new international approach to address climate change. A global refunding system allows each country to set its carbon emission tax, while aggregate tax revenues are partially refunded to member countries in proportion to the relative emission reductions they achieve within a given period, compared to some given baseline emissions. In a simple model we show that a suitably designed global refunding scheme is self-enforcing and achieves the social global optimum

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Economics Working Paper Series ; No. 07/69

Classification and Topics

• Classification: Wirtschaft ; Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies ; Climate; Natural Disasters and Their Management; Global Warming ; Public Goods
• Subject: climate change mitigation ; global refunding scheme ; international agreements ; self-enforcing mechanisms ; Klimawandel ; Umweltpolitik ; Ökosteuer ; Trittbrettfahrerverhalten ; Steuervergünstigung ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Gersbach, Hans ; Winkler, Ralph
• Event: Veröffentlichung
• (who): ETH Zurich, CER-ETH - Center of Economic Research
• (where): Zurich
• (when): 2007

Further information

• DOI: doi:10.3929/ethz-a-005390621
• Handle: http://hdl.handle.net/10419/171512
• Last update: 10.03.2025, 11:44 AM CET