An International System of Tradeable CO2 Entitlements: Implications for Economic Development
1993
Rose, Adam | Tietenberg, Thomas H.
The potentially widespread damage that could stem from global warming has prompted the search for international policy solutions. The problem for policy makers is to initiate programs that not only will mitigate the global buildup of carbon dioxide and other greenhouse gases, but also will facilttate cooperation and be perceived as equitable. To this end, tradeable emissions permits, or entitlements, are a promising policy instrument. Nations could be assigned emission allowances on the basis of present and future baseline levels, but would be free to trade these permits. Such a program would share the burden of abatement, protect the interests of developing nations, and encourage cooperation through technology transfer.
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