Discussion Paper Series in Economics, Department of Economics, Norwegian School of Economics (NHH)
The Public Economics of Climate Change.
Abstract: This paper considers the challenges to the field of public
economics that arise from the issue of global warming. It outlines the
argument for viewing the global climate as a public good and describes the
problems that emerge when one tries to apply the insights of public goods
theory to global public goods such as global warming. Special topics
considered include the free rider problem in an international context and
the extent to which private preferences should be taken into account in
policy formation. The paper also includes a discussion of cost sharing in
global climate policy and the design of policy when instruments for
redistribution are imperfect. Green taxes are powerful tools for regulating
emissions, and these are discussed both in a national and international
context with emphasis on the proposal for a global CO2 tax. Finally there
is a discussion of the several dimensions of distributional justice that
arise in the context of climate policy.
Keywords: Global; warming; Public; economics; (follow links to similar papers)
JEL-Codes: D60; H23; Q54; (follow links to similar papers)
40 pages, November 26, 2015
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