Journal Article

International climate policy and regional welfare weights

Authors

  • Daiju Narita
  • Richard S.J. Tol
  • David Anthoff
Publication Date

We derive a global social welfare function that is consistent with the burden sharing in the Kyoto Protocol and in one proposal for a post-Kyoto treaty. The Kyoto Protocol favored the EU, while the EU post-Kyoto proposal puts more weight on the wellbeing of other OECD countries at the expense of EU residents. Ignoring income differences, the EU proposal for a post-Kyoto treaty favors developing countries. However, if income differences are taken into account, the EU proposal is not at all generous to developing countries.

Kiel Institute Expert

Key Words

  • burden sharing
  • climate policy
  • income inequality
  • Klimapolitik

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