Compensation for “Meaningful Participation” in Climate Change Control: A Modest Proposal and Empirical Analysis
By Theodore Panayotou, Jeffrey D. Sachs, Alix Peterson Zwane
Abstract
The debate over an international climate change regime has thus far focused primarily on efficiency concerns in developed countries. This paper suggests a means by which equity concerns may be addressed in the ongoing negotiations. A system of transfers is developed that is motivated by the difference between the damage caused by a country and the damage suffered by that country as a result of climate change. Illustrative calculations of the magnitude and direction of these transfers are made. We find that in general transfers flow from temperate to tropical countries but that the degree of uncertainty associated with these calculations is very large.
https://www.sciencedirect.com/science/article/abs/pii/S0095069601911891