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- W809422762 abstract "Climate policy addresses a global problem, with costs and benefits distributed unevenly around the world. Questions of efficiency and equity are central to the allocation of costs; they are typically handled either by modeling optimal policies based on economic efficiency, or by setting standards that embody principles of equity. In this analysis, we employ our Climate and Regional Economics of Development (CRED) integrated assessment model to assess the optimal international allocation of effort. We compare CRED scenarios to the results of an equity-oriented burden-sharing framework, Greenhouse Development Rights (GDRs), which allocates effort to countries based on their responsibility (emissions) and capacity (income). We calibrate CRED to generate a scenario comparable to the GDRs reference case, or business as usual. We then recalibrate CRED to generate a mitigation scenario comparable to the GDRs emergency reduction scenario, which preserves a high likelihood of staying below 2°C. Finally, we compare the share of global effort allocated to high-income countries in the CRED mitigation scenario and the GDRs emergency reduction scenario, finding them to be similar in both models. Comparing climate strategies: Economic optimization versus equitable burden-sharing WP-US-1104 1 Copyright © 2011 by the Stockholm Environment Institute This publication may be reproduced in whole or in part and in any form for educational or non-profit purposes, without special permission from the copyright holder(s) provided acknowledgement of the source is made. No use of this publication may be made for resale or other commercial purpose, without the written permission of the copyright holder(s). For more information about this document, contact Frank Ackerman at frank.ackerman@sei-us.org. Stockholm Environment Institute US 11 Curtis Avenue Somerville, MA 02144-1224, USA www.sei-us.org and www.sei-international.org Comparing climate strategies: Economic optimization versus equitable burden-sharing WP-US-1104" @default.
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- W809422762 date "2011-02-14" @default.
- W809422762 modified "2023-09-24" @default.
- W809422762 title "Comparing climate strategies: Economic optimization versus equitable burden-sharing" @default.
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