Balancing climate injustice
A proposal for global carbon tax
Abstract
Climate change is a global problem, and a global problem needs a global solution. A historically just approach would involve a global sharing of the burden between the North and the South according to their respective shares in global emissions. This study makes a case for a differential carbon tax across the globe to achieve a comprehensive green energy transition, which requires, according to most estimates, 1.5% of each country's gross domestic product. Our proposal, Just Energy Transition, argues that countries who are emitting less than the current global average, the “beneficiaries,” receive a part of their resources ...
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