School of Finance
Renmin University of China
Beijing, 100872, P.R. China
NBER Working Papers and Publications
|October 2012||Cross Country Fairness Considerations and Country Implications of Alternative Approaches to a Global Emission Reduction Regime|
with Huifang Tian, John Whalley: w18443
The UNFCCC process of negotiating multilateral carbon emissions reductions thus far has focused on approximately equiproportional cuts in annual carbon emissions by country along the lines of the Kyoto Protocol agreement. But now, with the objective of involving large developing countries such as China and India in a post 2012 regime, broader considerations imply alternative approaches to emissions reduction arrangements by countries be considered. Here we consider the implications of alternative cross country fairness considerations entering the global negotiation process using a numerical simulation model which captures the potential impacts of alternative emission reductions across major economies which in turn reflect different fairness arguments. We put other fairness considerations, ...
|March 2011||The Possibilities For Global Poverty Reduction Using Revenues From Global Carbon Pricing|
with James B. Davies, John Whalley: w16878
Global carbon pricing can yield revenues which are large enough to create significant global pro-poor redistributive opportunities. We analyze alternative multidecade growth trajectories for major global economies with carbon tax rates designed to stabilize emissions in the presence of both continued country growth and autonomous energy use efficiency improvement. In our central case analysis, revenues from globally internalizing carbon pricing rise to 7% and then fall to 5% of gross world product. High growth in India and China is the major equalizing force globally over time, but the incremental redistributive effects that can be achieved using global carbon pricing revenues are large both in absolute and relative terms. Revenues from carbon pricing depend on growth and energy efficiency...
Published: The Journal of Economic Inequality September 2014, Volume 12, Issue 3, pp 363-391 Date: 24 Sep 2013 The possibilities for global inequality and poverty reduction using revenues from global carbon pricing James B. Davies, Xiaojun Shi, John Whalley