Begin New Search
Proceed to Checkout

Search Results for All:
(Showing results 1 to 1 of 1)

Climate Policies: A Burden, or a Gain?

Thierry Brechet and Henry Tulkens

Year: 2015
Volume: Volume 36
Number: Number 3
DOI: 10.5547/01956574.36.3.tbre
View Abstract

That climate policies are costly is evident and therefore often create major fears. But the alternative (no action) also has a cost. Therefore, mitigation costs netted of the damage costs avoided are the only figure that can seriously be considered as the "genuine cost" of a policy. We elaborate on this view of a policy's cost by distinguishing between its "direct" cost component and its avoided damage cost component; we then confront the two so as to evaluate its genuine cost. As damages avoided are equivalent to the benefits generated, this brings climate policies naturally in the realm of benefit-cost analysis. However, the sheer benefit-cost criterion may not be a sufficient incentive for a country to be induced to cooperate internationally, a necessary condition for an effective global climate policy. We therefore also explore how to make use of this criterion in the context of international climate cooperation.

Begin New Search
Proceed to Checkout


© 2021 International Association for Energy Economics | Privacy Policy | Return Policy