Department of Economics Seminar Series – Snorre Kverndokk
Presented by: University of CalgaryCategory: Other Event
Price: $0
Date: February 6, 2014 – February 6, 2014
Address: 2500 University Drive NW, Calgary, Alberta T2N 1N4
Website: http://www.ucalgary.ca/
“The Trade-off Between Intra- and Intergenerational Equity in Climate Policy” Snorre Kverndokk, The Ragnar Frisch Centre for Economic Research Abstract: This paper focuses on two equity dimensions of climate policy, intra- and intergenerational, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which each region suffers from global warming, but also has an inequality aversion over current consumption allocations. Inequality aversion generally lifts the consumption path of the poor region, while the rich region must take a greater share of the climate burden. Furthermore, with inequality aversion, the optimal climate policy generally leads to higher investment in clean capital in the North and in dirty capital in the South, thereby allowing the South to pollute more and develop faster. The optimal policy may even require the poor region to increase emissions relative to the uncoordinated business-as-usual case. Introducing local pollution and transfers confirm the main results. Thursday, February 6, 2014 3:00 – 4:00 p.m. SS 423
Location:
SS 423
Speaker:
Snorre Kverndokk, The Ragnar Frisch Centre for Economic Research
More information at http://www.ucalgary.ca/events/calendar/department-economics-seminar-series-snorre-kverndokk
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