Finally an article on climate emergency I have been working on with Juan, Suyi, and Min for longer than a couple of years is out. It has been circulated earlier with the old title, "Climate Change Justice".
We have taken into serious account historical responsibility issue and population norm for designing international protocols for allocating the CO2 emissions allowances among countries. Our suggestion may be somewhat provocative for developed countries, since we propose heavier burden on them due to their historical emission debts and population debts(?).
Here are the highlight messages.
We take axiomatic approach for designing fair international protocols tackling climate change. Historical accountability and equal treatment endorse historical equal per capita rule (HEPC in the figure). History independence and equal treatment endorse equal per capita rule (EPC). These two fair protocols offer more allowances to developing countries than Kyoto Protocol (KP). Kyoto protocol is close to grandfathering allocation proportional to BAU emissions (EPE).
https://doi.org/10.1016/j.eneco.2020.105091Full access available until March 4, 2021 with the following link: https://authors.elsevier.com/a/1cP8f_3DAZt-hV
