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Norwegian

Tradeable CO2 Emission Permits: Initial Distribution as a Justice Problem

Authors:

Kverndokk, S.

Year:

1995

Reference:

Environmental Values

4(2), 129-48

Summary

One characteristic of tradeable emission permits is that efficiency and justice considerations can be separated. While Pareto optimality is an accepted efficiency principle, there is not a consensus on a "best" equity principle. In this article, conventional justice principles are used to evaluate alternative allocation rules for tradeable CO2 permits and a distribution proportional to population is recommended. Arguments against the population rule are discussed, especially those pertaining to political feasibility. While justice and political feasibility may indeed contrast, it still may be possible to emphasize the population rule in the future.

Keywords:

Global warming; Tradeable emission permits; Justice principles; Political feasibility.

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