International Climate Policy and Regional Welfare Weights

December 3, 2009
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We impute a global social welfare function that is consistent with the burden sharing in the Kyoto Protocol and in two proposals for a post-Kyoto treaty. The Kyoto Protocol favored the EU. The Frankel proposal for a post-Kyoto treaty continues the favorable treatment of the EU, while the EU proposal puts more weight on the wellbeing of other OECD countries at the expense of its own residents. Ignoring income differences, the EU proposal for a post-Kyoto treaty favors developing countries. However, if income differences are taken into account, the EU proposal is not at all generous to developing countries.

Author(s)
Daiju Narita
Richard Tol
David Anthoff
Research Area(s)

Publication Details

Publisher

ESRI

Place of Publication

Dublin

Date of Publication

December 3, 2009

ESRI Series

ESRI Working Paper 332