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  Governing the Commons to Promote Global Justice: Climate Change Mitigation and Rent Taxation

Jakob, M., Edenhofer, O., Kornek, U., Lenzi, D., Minx, J. (2019): Governing the Commons to Promote Global Justice: Climate Change Mitigation and Rent Taxation. - In: Kanbur, R., Shue, H. (Eds.), Climate Justice: Integrating Economics and Philosophy, Oxford : Oxford University Press, 43-62.
https://doi.org/10.1093/oso/9780198813248.003.0003

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Item Permalink: https://publications.pik-potsdam.de/pubman/item/item_23079 Version Permalink: https://publications.pik-potsdam.de/pubman/item/item_23079_6
Genre: Book Chapter

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 Creators:
Jakob, M.1, Author
Edenhofer, Ottmar2, Author              
Kornek, U.1, Author
Lenzi, D.1, Author
Minx, J.1, Author
Affiliations:
1External Organizations, ou_persistent22              
2Potsdam Institute for Climate Impact Research, ou_persistent13              

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 Abstract: Climate change mitigation means restricting the use of the atmosphere as a disposal space for greenhouse gas emissions, which would create a novel scarcity rent. Appropriating this rent via fiscal policies, such as taxes, together with already existing scarcity rents of land and natural resources, could be an economically efficient source of public revenues to advance human development objectives. This chapter discusses how an international climate agreement would turn the atmosphere into a common property regime and describes equity principles that determine how the resulting climate rent is distributed. It then estimates how carbon pricing in combination with appropriate revenue recycling could advance human development goals. It also considers equity aspects of distributing land and natural resource rents as well as the potential of these rents to promote global justice. Finally, it assesses the political feasibility of combining rent taxation with targeted investment, drawing conclusions for the potential implementation of such an approach.

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 Dates: 2019
 Publication Status: Finally published
 Pages: -
 Publishing info: -
 Table of Contents: -
 Rev. Type: -
 Identifiers: PIKDOMAIN: RD3 - Transformation Pathways
PIKDOMAIN: Director / Executive Staff / Science & Society
eDoc: 8454
DOI: 10.1093/oso/9780198813248.003.0003
 Degree: -

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Title: Climate Justice: Integrating Economics and Philosophy
Source Genre: Book
 Creator(s):
Kanbur, R.1, Editor
Shue, H.1, Editor
Affiliations:
1 External Organizations, ou_persistent22            
Publ. Info: Oxford : Oxford University Press
Pages: - Volume / Issue: - Sequence Number: - Start / End Page: 43 - 62 Identifier: -