Dynamic carbon caps. Splitting the bill: A fairer solution post-Kyoto? |
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Authors: | Will Catton |
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Affiliation: | Department of Physics, University of Otago, 730 Cumberland St, Dunedin 9016, New Zealand |
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Abstract: | A dynamic carbon cap scheme is described and illustrated using a future growth scenario. This scheme, called a “bill-splitting dynamic carbon cap,” uses national carbon caps that change in a manner designed to distribute burden equitably, and at the same time to encourage and feed off economic growth. This is achieved by distributing emission-reduction obligations away from the growers, and onto the emitters. The global emission-reduction response is thereby pegged to global growth. |
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Keywords: | Environmental policy Climate change Future commitments |
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