Climate Wealth of Nations
6 Pages Posted: 20 Dec 2018
Date Written: November 20, 2018
Abstract
A 3-dimensional climate justice approach introduces to share the benefits and burden of climate change in an economically efficient, legally equitable and practically feasible way around the globe. Climate justice within a country pays tribute to low and high-income households carrying the same burden proportional to their dispensable income through consumption tax, progressive carbon taxation and a corporate inheritance tax. Climate change burden-sharing between countries ensures those countries benefiting more from a warmer environment bear higher responsibility regarding climate change mitigation and adaptation. Climate justice over time is proposed by an innovative bonds climate change burden sharing strategy (Puaschunder, 2018, forthcoming).
Keywords: Adaptation, Climate Bonds, Climate Justice, Climate Wealth of Nations, Climate Finance, Fairness, Inheritance Tax, Intergenerational Responsibility, International Law, Mitigation, Progressive Tax
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