To Recognize the Social Value of Mitigation Actions in a Climate Agreement

By Dominique Finon. Economists generally agree on putting a single price on carbon emissions through an international agreement, whether by a binding price (carbon tax) or by an emissions trading system (ETS) based on binding commitments, which would be theoretically the most efficient means to encourage the reduction of emissions to the desired global level (see e.g. Gollier, Tirole, 2015). Voir l'article...